News Snapshot:
Ray Dalio's Bridgewater Associates LP is set to launch its third investment fund in China and has already raised about $1.25 billion, according to the Wall Street Journal . The move signals Dalio's continued China bullishness and lands his hedge fund among the largest foreign managers of private funds in China. The new fund allows investors to buy into a trust product overseen by state-owned China Resources Trust. Bridgewater's China branch serves as the investment advisor. Money from investors is then channeled into its "All Weather Plus" fund. Bridgewater, the world's largest hedge fund with $150 billion is assets under...
