Ray Dalio's Bridgewater has doubled its fund assets in China to $2.93 billion over the past year, report says
Bridgewater Associates doubled its fund assets in China over the past year to more than 2o billion yuan, equivalent to $2.93 billion, further securing Ray Dalio's fund as the largest foreign hedge fund in Beijing,The jump in fund assets is thanks in part to a December product launch that saw an inflow of 2.7 billion yuan, sources told Reuters.
And by early November, Bridgewater's assets under management in China had reached 19 trillion yuan. Then last month's launch of a series of feeder funds via China Merchants Bank put assets above 20 trillion yuan. The firm's second fund followed in December 2021 and has returned 8.4% through its first year. In that span, Chinese stocks tumbled 20%.
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