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Bridgewater increased bets on banks before election-driven rally, filing shows

Summary by WTVB
By Carolina Mandl NEW YORK (Reuters) – Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump’s victory in the U.S. presidential election. The hedge fund founded by Ray Dalio ended September with bigger positions in Goldman Sachs, Morgan Stanley, Wells Fargo, Bank of New York Mellon and Citigroup. It also built a new position in Bank of Am…
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