Bridgewater Associates LP, the Westport, Connecticut-based investment firm, has seen a significant uptick in its onshore China assets under management, further solidifying its position in the international competition to attract high-net-worth investors from China. This information was provided by insiders who wished to remain anonymous due to the confidential nature of these details.
As of August, the value of these assets had grown to exceed 30 billion yuan (equivalent to $4.1 billion), representing a remarkable increase. The value had already doubled in the previous year to surpass 20 billion yuan.
The hedge fund's primary China fund has been outpacing its competitors, taking a significant lead in this global race. The firm's strategy and performance have evidently resonated with wealthy Chinese investors, contributing to its rapid growth in this segment.
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