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Ray Dalio’s Bridgewater raises $1.25bn for China-based fund
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Bridgewater Associates has raised the equivalent of $1.25bn for its third investment fund in China, according to a person familiar with the matter, catapulting the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world’s second-largest economy.
Founded by longtime China bull Ray Dalio, Bridgewater began rolling out private funds in the country in 2018 after a wholly-owned unit of the American asset manager was awarded a license to raise money from
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