Ray Dalio’s Bridgewater taps rich Chinese investors for Asia fund
The US firm’s Asia ex-China Total Return Fund has generated a 20.7 per cent annualised return since its inception in October 2023
Bridgewater Associates is tapping rich Chinese investors seeking exposure to overseas assets, with plans to raise an Asia-strategy fund as the region’s policymakers look to stimulate local economies following US President Donald Trump’s global tariffs.
The US giant’s Shanghai-based China private fund management arm is looking to raise money for an onshore product for local clients this month before investing into its offshore Asia ex-China Total Return Fund, according to people familiar with the matter. The fund has generated a 20.7 per cent annualised return since its inception in October 2023, the people said, asking not to be named as the matter is private.
Bridgewater declined to comment in an email.
The firm, founded by Ray Dalio, is building on its momentum among Chinese clients after boosting onshore assets under management by around 40 per cent to more than 55 billion yuan (US$7.6 billion) last year, on the back of its multi-asset strategy fund outperforming many local rivals.
Diversification across Asian markets now promises to benefit investors as higher tariffs will drag down growth and also likely suppress inflation in the region, giving its policymakers room to stimulate domestic demand, according to the company.