Bridgewater Associates has significantly expanded its lead in the Chinese market, increasing its assets by 40% to over 55 billion yuan (approximately US$7.5 billion) as of December 31.
The firm attributed this growth to its multi-asset strategy, which yielded a remarkable return of more than 35% for its All Weather Plus fund, far surpassing the 11% average return of local peers.
In contrast to the wider hedge fund industry in China, which faced a decline, Bridgewater's diversified approach led to continued client interest and performance fee increases.
Bridgewater remains the only foreign hedge fund in China with more than 10 billion yuan in assets, outperforming other foreign rivals like D.E. Shaw & Co and Two Sigma Investments.
The firm anticipates favorable conditions in 2024, with expectations for economic policies that support asset markets, particularly in Japan and South Korea.
For detailed insights, visit the original article at SCMP.