Bridgewater Associates Chairman Ray Dalio attends the China Improvement Discussion board in Beijing, China March 23, 2019.
Thomas Peter | Reuters
BEIJING — American hedge fund supervisor Ray Dalio is launching a brand new China fund by an area subsidiary, according to a report in China’s Securities Times, citing sources.
The fund goals to lift greater than 3 billion yuan ($468.8 million), in response to the report on Tuesday.
Dalio’s Bridgewater Associates is the biggest hedge fund on this planet, with $223 billion in belongings beneath administration as of a July 9 submitting with the U.S. Securities and Change Fee. Over half, or almost 59%, of these belongings belonged to non-U.S. shoppers, in response to the doc.
In 2018, the agency’s Shanghai-based wholly-owned subsidiary, Bridgewater (China) Funding Administration, launched its first onshore China product for buyers within the mainland.