Bridgewater widens China lead on 40% jump in assets
Its All Weather Plus onshore fund returned more than 35 per cent in 2024 while smaller local rivals delivered 38.8 per cent to 76.5 per cent
Bridgewater Associates widened its lead over global peers in China last year, after its multi-asset strategy’s stable returns attracted more wealthy local clients in a volatile market.
The firm’s Shanghai-based private fund management arm boosted assets under management to more than 55 billion yuan (US$7.5 billion) as of December 31, thanks to investment returns and new inflows, according to people familiar, who requested not to be named because the matter is private. They rose about 40 per cent from less than 40 billion yuan at the start of 2024.
The firm’s All Weather Plus onshore fund returned more than 35 per cent for the full year, the people said. That was more than threefold the average return of 11 per cent among local multi-asset funds, according to data compiled by Shenzhen PaiPaiWang Investment & Management.
Bridgewater declined to comment.
Bridgewater’s diversification across asset classes is helping it buck the trend in China’s 5.2 trillion yuan hedge fund industry, which saw combined assets shrink through November amid tightening regulations and wild swings in the stock market. The local arm even raised performance fees when many Chinese peers faced pressure to cut fees to keep clients.
