Bridgewater Associates LP has raised the equal of $1.25 billion for its third funding fund in China, in keeping with an individual acquainted with the matter, catapulting the hedge-fund agency into the ranks of the largest overseas managers of personal funds on the planet’s second-largest financial system.
Based by longtime China bull Ray Dalio, Bridgewater started rolling out non-public funds within the nation in 2018 after an entirely owned unit of the American asset supervisor was awarded a license to lift cash from high-net-worth people and institutional traders in China and make investments it in home yuan-denominated securities.
