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Ray Dalio's Bridgewater is reportedly looking to raise $469 million in new China fund
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BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China's Securities Times, citing sources.
The fund aims to raise more than 3 billion yuan ($468.8 million), according to the report on Tuesday.
Dalio's Bridgewater Associates is the largest hedge fund in the world, with $223 billion in assets under management as of a July 9 filing with the U.S. Securities and Exchange Commission. Over half, or nearly 59%, of those
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