Ray Dalio who is the founder and manager of the biggest hedge fund in the world, Bridgewater Associates, shared that he likes the Chinese economy long-term for its great potential.
Daily shared during Sunday interview at CNN that:
“I am impressed with the leadership of the the country,” “There’s a lot of potential. Capital has not flowed to all parts of the economy.”
He also stated that he is an optimist when it comes to US productivity even-though the US is the largest debtor in the history of the world and it is a negative.
Ray stated for these who don’t already know that China is richer than the US. This is based on a total net asset basis and not per capita. The growth, he expects to be about 3 percent which is still good compared to the developed world. He believes such a growth will be sustainable.
Ray shares Jim Roger’s optimism on China. We bet Ray’s Bridgewater participated in the Chinese 100%+ stock market rally in the last year. Just in January Ray’s fund returned 8.3%.
Ray Dalio’s Bridgewater Fund Made 8.3% Gain in January
Ray Dalio’s Bridgewater fund had an outstanding 8.3% gain in January – similar to the return of most trend-followers. Strangely, January was a mixed month the whole universe of hedge funds. But some had the best and most exciting monthly performance in years while others just couldn’t wait till it ended. Central banks all over the world unexpectedly triggered bursts of volatility as well as unusually violent currency movements.
Ray Dalio Macro and Stock Views
- Bullish USD, bearish EUR and JPY
- Bullish on USA and bearish on the rest of the world
as of March 2015 / These Views Are Taken From Public Sources and Are Edited by OctaFinance Staff
About Bridgewater Associates
Bridgewater Associates Lp is a Connecticut-based hedge fund that was founded by billionaire Ray Dalio. The fund has more than $197.00 billion AUM as of November, 2014. This fund invests only a small percentage of its assets in US long equities and options. Bridgewater Associates Lp is the 19th largest institutional investor and 1st hedge fund in our database. Taken from Bridgewater Associates latest Adv, the fund reported to have 1274 full and part-time employees. Among which 375 performing investment advisory and research functions. The hedge fund had more than 114 clients.
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