Bridgewater Associates sells stake in big Chinese companies
Ray Dalio, the founder of Bridgewater Associates LP, speaks during the Greenwich forum in Connecticut, Connecticut, Connecticut on Tuesday, October 3, 2023.
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Hedge Fund Giant Bridgewater Associates left the Chinese stocks listed in the US in the second quarter, and weakened a clear withdrawal from the market in the midst of increasing geopolitical strains and the confidence of the investor to economic expectations.
For him The latest three -month update To the US Securities and Stock Exchange Commission, known as 13F on Wednesday, The fund closed bets In several Chinese companies, including big names such as Baidu– Alibaba– Jd.com– PDD Holdings– Nio– Trip.com groupAnd Yum China. Other names include QIFU technology and Ke Holdings.
Hedge Fund also reduced its shares. Applebut increasing Microsoft And Nvidia Holdings.
China Bull Ray Dalio, who has established Bridgewater Associates for a long time, has previously defended his investments in China. Last April, Dalio marked the conflict with Beijing, and the prices of the basic challenges that disturbed China’s economy came to depression, but the problems can be managed by Chinese leaders if they do their jobs well, “he said.
In April this year, a billionaire investor Re-balancing in US-China RelationsClaiming that trade imbalances carved US production. He also called on both sides to reach an agreement to “design big discounts in these imbalances”.
Since the beginning of August, Dalio sold his remaining stake in Bridgewater and moved away from the board of directors, but he continues to be the mentor of the Hedge fund to the investment team.
Developments come because the tariff ceasefire between Washington and Beijing is extended on Monday 90 days. Without pause, the US tariffs on Chinese goods will increase to 145%, while Chinese tasks were 125%. The current tax on China’s imports to the United States is 30%.
Bridgewater did not respond to comments.
