The world’s largest hedge fund becomes leader in China

Posted on Nov 26, 2021 9:40 AMUpdated Nov 26, 2021, 5:03 PM

Unlike George Soros, Ray Dalio, the founder of the world’s largest hedge fund, is very enthusiastic about China and its economic outlook. In the midst of the Covid-19 pandemic, he felt that Asia and China were better equipped than Europe and the United States to get through the health crisis.

Bridgewater has walked the talk by raising $ 1.3 billion for its third China-based hedge fund, according to the Wall Street Journal. This will bring its assets to more than 10 billion yuan (1.6 billion dollars), around 1% of the capital of the hedge fund (150 billion dollars). It becomes the leader of foreign hedge funds in the country, far ahead of its competitors, quantitative funds like Winton, DE Shaw and Two Sigma. “As Deng Xiaoping said [président de la République Populaire de Chine entre 1978 et 1992, NDLR] it is glorious to be rich ”, recalled Ray Dalio last September, during a conference in Greenwich, near the offices of the hedge fund.

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