CTPCF - Ray Dalio's Bridgewater raises $1.25B for onshore China fund - WSJ

Bridgewater Associates raises ~$1.25B for its third investment fund in China, making the hedge-fund firm one of the biggest foreign managers of private funds in the world's second-biggest economy, the Wall Street Journal reports, citing a person familiar with the matter. The investment firm, founded by Ray Dalio, introduced its private funds in China in 2018 after a wholly owned unit received a license to raise money from high-net-worth individuals and institutional investors in the country and invest the capital in domestic yuan-denominated securities. The newest onshore China fund, which was marketed to wealth individuals and institutional investors, raised 8B yuan, the person told the WSJ. As of early August, Bridgewater's assets under management in China were ~2B-5B yuan ($313M-$782M), according to the Asset Management Association of China. The fund seeks to provide returns that are competitive with the Chinese stock market with less risk, the newspaper said. Minimum subscription

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Ray Dalio's Bridgewater raises $1.25B for onshore China fund - WSJ