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24.08 - 17:39
China in need for a big debt restructuring, says legendary investor Ray Dalio
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Read here: China's real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal Dalio’s $125 billion hedge fund Bridgewater Associates, in which he is also a member of the operating board, is an investor in China and also offers funds for Chinese investors. Last year, Bridgewater doubled its fund assets in China to more than 20 billion yuan ($2.74 billion), cementing its position as the biggest foreign hedge fund in the country, Reuters reported.
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