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Ray Dalio’s Bridgewater Raises $1.25 Billion for Its Largest China Fund But

Ray Dalio’s Bridgewater Raises .25 Billion for Its Largest China Fund But

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.

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