Hegde Fund Bets on Big Market Drop

Bridgewater, the world’s biggest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal reports.

“The wager, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc. and Morgan Stanley, would pay off… if either the S&P 500 or the Euro Stoxx 50 declines.”