(Yicai Global) March 20 -- Raymond Dalio, founder of Bridgewater Associates, one of the world's largest hedge funds, values Chinese assets covering all sectors though the firm's investment allocation in the country remains dependent on government regulations, according to a recent interview.
The Connecticut-based hedge fund's portfolio is affected by developments in the capital market and government regulation, Dalio told news outlet Sina Finance. "Our investment allocation depends on Chinese regulation which, for example, decides in which kind of assets we can invest in China," he said. "Liquidity is increasing, and this will benefit our investments."
Dalio has repeatedly expressed optimism toward China and other emerging markets. Bridgewater has enhanced its participation in the Chinese market as it becomes more liquid and open, Dalio said during a recent visit, adding that the firm will manage funds for Chinese investors in the country as it opens up its financial market.
Set up in March 2016, Bridgewater's China unit changed its legal representative from Dalio to Wang Yan in March 2017, and it further adjusted shareholders, business scope and category last year. The changes are reportedly related to the firm's application to become a private equity fund manager.
Bridgewater registered with the Asset Management Association of China last June as a private equity fund manager and filed its first related fund in October called the Bridgewater All-Weather China Private Fund No. 1.
Editor: William Clegg