Bridgewater becomes first foreign hedge fund to win licence to operate in China

Bridgewater becomes first foreign hedge fund to win licence to operate in China

Hedge fund scrabble. Credit: Lending Memo

Ray Dalio’s $154 billion Bridgewater Associates became the first foreign hedge fund manager to win approval to set up a wholly owned investment-management business in China, according to Shanghai-based consulting firm Z-Ben Advisors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter