Bridgewater Associates, the world’s biggest hedge fund, has built up a $14 billion bet that shares in European companies will continue to sink amid the worsening coronavirus outbreak. The investment firm led by billionaire Ray Dalio made a string of wagers against stocks in countries from Germany to Italy, according to filings between March 9 and 12 compiled by Bloomberg. They include a $1 billion bet against software company SAP SE and a $715 million wager against semiconductor equipment maker ASML Holding NV. The wager hasn’t been enough to protect the firm’s main hedge fund from steep losses. Bridgewater’s Pure ... (full story)