Bridgewater Expands China Assets With 22% Annual Return
- New fund doubles assets Bridgewater manages in China
- Its onshore China funds still just a fraction of total assets
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Ray Dalio’s Bridgewater Associates is doing far better in China than in the rest of the world.
The $148 billion money manager raised about 900 million yuan ($136 million) for its second China fund in September, doubling assets, according to people familiar with the matter. Investors were partly drawn to its All Weather China strategy fund that boasted an annualized return of about 22% for the 22 months from inception to the end of July they said, declining to be identified discussing private matters.