Ray Dalio’s Bridgewater reportedly elevating thousands and thousands for brand new China fund

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.

Learn extra about China from CNBC Professional

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button