“Royal Group Betting Billions Against US Stocks: Report”

Investing.com – The Royal Group, an investment group run by Sheikh Tahnoon bin Zayed Al Nahyan, a senior member of the Abu Dhabi royal family, is concerned that slack It will put pressure on the markets, and it has accumulated huge shorting positions (shortening) in US stocks and it is said that it is worth in the billions.

According to a report from Bloomberg, the investment firm turned negative on US stocks at the beginning of the year and shifted its portfolio to short-term. They are also investing more in commodities and digital currencies. It was not clear which stocks or sectors the company was betting on.

The report said Royal, a conglomerate that helps manage one of the world’s largest family fortunes, will boost investment in US stocks once valuations improve and the Fed indicates it is preparing to cut interest rates.

Officials declined to comment.

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