(Reuters) – Bridgewater Associates LP, a hedge fund founded by billionaire Ray Dalio, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The bet, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc
The bet is made up of put options, contracts that give investors the right to sell stocks at a specific price by a certain date. The options expire in March and currently represent one of the largest bearish bets against the market, the report added.
Bridgewater Associates was not immediately available for comment.
(Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli)