Bridgewater Associates, the hedge fund manager of investor Ray Dalio, increased its position in China by 40% in an Asian country.
The investment fund of the important financial guru of Wall Street, Ray Daliodecided to increase its position in companies of China.
As it became known, the private funds division of Bridgewater Associates Shanghai-based company increased assets under management to more than CNY 55 billion (US$7.5 billion) at the close of December 31.
In comparison, at the beginning of 2024, total assets under management were below CNY 40 billion.
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Wall Street guru increases his position in China
It should be noted that Bridgewater’s All Weather Plus onshore fund achieved a return of more than 35% throughout 2024when the average of local multi-asset funds was around 11%.
The local subsidiary even increased performance fees during the yearwhile many of its Chinese competitors faced pressure to reduce them and retain their customers.
It should be noted that, since the regulations were made more flexible in 2016, More than 30 global companies set up wholly owned hedge fund units in China.
Bridgewater is the only foreign player with more than CNY 10 billion in assets, while its closest competitors, DE Shaw & Co. and Two Sigma Investments, still manage just over CNY 5 billion each.
Source: Ambito
