BEIJING — American hedge fund supervisor Ray Dalio is launching a new China fund by means of a neighborhood subsidiary, according to a report in China’s Securities Times, citing sources.
The fund goals to boost greater than 3 billion yuan ($468.8 million), in keeping with the report on Tuesday.
Dalio’s Bridgewater Associates is the most important hedge fund on the earth, with $223 billion in property underneath administration as of a July 9 submitting with the U.S. Securities and Change Fee. Over half, or almost 59%, of these property belonged to non-U.S. purchasers, in keeping with the doc.
In 2018, the agency’s Shanghai-based wholly-owned subsidiary, Bridgewater (China) Funding Administration, launched its first onshore China product for traders within the mainland.
