Bridgewater draws more investors in China, nearly doubles assets [Reuters]
CHINA MRCHNTS BK UNSP/ADR (CIHKY)
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Source: Reuters
a fresh round of fundraising, a source familiar with the matter said, marking a doubling of assets over the past year while local rivals have struggled. The U.S. fund is raising an additional 2 billion yuan for an existing fund in January and has seen strong demand, with nearly all the fund units being sold within the first four days of the subscription period that began on Jan. 15, according to distributors and investors. That contrasts sharply with the difficulties many local funds are facing when trying to raise cash from investors in China's weak markets. Bridgewater declined to comment on the company's fundraising and business updates. Bridgewater's funds have done well in China, even as the economy struggles and with the stock market enduring years of declines. The firm's All Weather Plus fund, a yuan-denominated flagship product that invests in stocks, bonds and commodities, posted a net return of 10.3% last year, the source said. Bridgewater's asset size in mainlan
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