Home Banking & Finance Bridgewater Associates debuts onshore China fund

Bridgewater Associates debuts onshore China fund

Bridgewater Associates has announced that its subsidiary Bridgewater (China) Investment Management (BCIM) has launched its first onshore Chinese investment product, Bridgewater All Weather China Private Fund No. 1.

Bridgewater
Ray Dalio

According to the Westport-headquartered Bridgewater, the new fund is available to qualified investors in mainland China and is similar in structure to the Offshore All Weather China fund that Bridgewater debuted in April for international investors with a $100,000 minimum investment. The new fund will target clients that include public and corporate pension funds, university endowments and charitable foundations.

Bridgewater received a private securities investment fund manager license from the Asset Management Association of China in June that enabled it to pursue the new onshore fund. Ray Dalio, Bridgewater’s founder and co-chairman, has been doing business in China since 1984 and his company has been managing money for Chinese institutional investors in the global markets in 1993.

“It has been an enormous pleasure to be part of the remarkable evolution of China over the last 34 years,” Dalio said. “This next step excites me because it reflects more good progress in China’s development of its markets and our relationships with them.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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