Bridgewater Buddies LP has raised the similar of $1.25 billion for its 3rd funding fund in China, consistent with an individual accustomed to the subject, catapulting the hedge-fund company into the ranks of the most important international managers of personal price range on the planet’s second-largest economic system.

Based via longtime China bull Ray Dalio, Bridgewater started rolling out personal price range within the nation in 2018 after an entirely owned unit of the American asset supervisor was awarded a license to raise money from high-net-worth folks and institutional traders in China and make investments it in home yuan-denominated securities.

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