Bridgewater boss changes tune over investing in China

The recent volatility in China’s stock markets  could have wider, negative implications for investors,  Bridgewater founder Ray Dalio warned this week in a significant volte face; earlier this year the hedge fund,  which manages  some $69bn of capital,  was one of Wall Street’s most bullish champions of the Chinese economy. Bridgewater has changed its tune since the fell by over 30% in a 26-day period between 12 June and 8 July, although it has partially recovered since then.
“Our views on China have changed,” Bridgewater founder Raymond Dalio wrote this week. “It is now impossible to invest without risk”.

Source: Rosbalt