Ray Dalio

Exclusive | Bridgewater’s Dalio urges portfolio diversity amid US-China rivalry

The founder of the world’s largest hedge fund Bridgewater Associates warns the world’s two largest economies are in risky positions, as they address domestic challenges.

19 Jun 2024 - 1:56PM

Ray Dalio, founder of Bridgewater Associates, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, US, on May 22, 2024. Photo: Reuters

Investing in China ‘desirable’ despite risks, says hedge fund giant Ray Dalio

The billionaire founder of the world’s largest hedge fund Bridgewater Associates said investing in China is a good idea despite the risks, because Chinese assets are cheap and can help balance portfolios.

5 Jun 2024 - 5:59PMvideocam

China-Middle East relations

Bridgewater’s China assets nearly double as it draws more investors

Bridgewater’s success contrasts sharply with the difficulties many local funds are facing when trying to raise cash from investors in China’s weak markets.

19 Jan 2024 - 3:40PM

Saudi ministers, business executives gather in Hong Kong as Middle East ties grow

In this issue of the Global Impact newsletter, we look back at the Future Investment Initiative (FII) Institute’s first Asia conference that took place in Hong Kong.

11 Dec 2023 - 2:00PMvideocam

Singapore

Massive laundering case reveals dark side of Singapore’s bid to lure super-rich

The surprise sting operation is prompting a rethink of the recent surge of foreign investors, amid signs dirty money is joining legitimate businesses in the rush to Singapore, with cash winding up at global lenders.

4 Dec 2023 - 3:01PMvideocam

China Inc hops into Middle East growth as region veers away from oil

As China’s economic expansion slows, mainland companies are eyeing the Middle East as an attractive alternative, with countries in the region seeking to develop tech-driven start-up ecosystems to reduce reliance on fossil fuels as a growth driver.

6 Dec 2023 - 5:35PM

United States

My Take | Democratic decay in America will make it a growing global threat

Creeping militarism and uncontrollable national debt will kill US democracy at home while making its behaviour abroad increasingly dangerous and destabilising.

30 Nov 2023 - 9:00PM

A United States flag is waved outside the White House in Washington. Photo: AP

Xi Jinping offers cooperation, reassurance during US business dinner

Xi Jinping tells hundreds of American business leaders in San Francisco that modernisation is a ‘huge opportunity that China offers to the world’.

16 Nov 2023 - 6:14PMvideocam

China’s President Xi Jinping spoke of hope and friendship as he dined with US business leaders in San Francisco on Wednesday during the Apec summit. Photo: AFP

Singapore’s Temasek, Saudi’s PIF back China’s consumption stocks, filings show

Two of the world’s biggest state owned investors have poured money into China’s consumption stocks during the third quarter, at a time when Western investors are retreating over growth concerns and amid an intensifying property crisis.

15 Nov 2023 - 4:30PM

Bridgewater sold Xpeng, Yum, TSMC last quarter as hedge funds cut China bets

Bridgewater, the world’s largest hedge fund, retreated further from its China bets by exiting EV makers Xpeng and Li Auto, and biotech firms HutchMed and BeiGene. It also dumped chip maker TSMC.

14 Nov 2023 - 5:23PMvideocam

Business leaders issue global economy warning in Saudi Arabia, praise AI

Leaders from the world of finance and business convened in Riyadh issued a warning on Tuesday about the many perils the world currently faces, including geopolitical conflicts, economic uncertainties, high inflation and climate issues.

26 Oct 2023 - 12:23PMvideocam

The FII forum in Riyadh on Tuesday. Photo: Catherine So.

China's economic recovery

JPMorgan’s Dimon, Dalio addressing world’s challenges in Riyadh

Some 6,000 investors, innovators, academics and policymakers including the American billionaire investor Ray Dalio and Blackrock chairman Lawrence Fink, will fly into Saudi Arabia next week for a three-day investment conference.

29 Oct 2023 - 2:57PMvideocam

Attendees at the Future Investment Initiative (FII) conference in Riyadh on October 23, 2022. Photo: AFP

Singapore

Singapore’s ruling party passes test after series of political scandals

In this issue of the Global Impact newsletter, we look back at the result of the recent Singapore presidential elections that followed a series of political scandals for the ruling People’s Action Party.

11 Sep 2023 - 2:00PMvideocam

China’s ‘Lehman Moment’? Which domino will fall next as property crisis grows?

Struggles by China Evergrande Group and now Country Garden have underlined the problems faced by China’s property sector, leaving investors, homebuyers and economists to ponder what will be next.

23 Aug 2023 - 3:42PMvideocam

Singapore

Exclusive | Singapore lucky to have Tharman and me running for president: Ng Kok Song

The former chief investment officer of sovereign wealth fund GIC explains why he thinks has an edge over front runner Tharman Shanmugaratnam in an exclusive interview with the Post.

23 Aug 2023 - 12:09AMvideocam

Ng Kok Song poses for a photo after his exclusive interview with This Week in Asia. He and presidential front runner Tharman Shanmugaratnam had “served our country in different ways”, he said, and could both stand shoulder to shoulder on the international stage. Photo: Cuble Agency/Handout

Dalio’s Bridgewater dumps a third of China stocks but loads up on consumer plays

Bridgewater Associates, the world’s biggest hedge fund, liquidated nearly a third of its holdings in Chinese stocks in the last quarter as lacklustre markets and geopolitical tensions slammed investor confidence.

15 Aug 2023 - 5:00AM

India

‘India’s time has come’: investors pick a new destination of choice post-China

From Elon Musk to Ray Dalio, Apple and Wall Street giant Goldman Sachs, the world’s fifth-largest economy is increasingly attracting some of the biggest names in global investing and business.

31 Jul 2023 - 9:39AMvideocam

India

Move over America, China and India will have bigger economies by 2075: forecast

China’s economy is forecast to hit US$57 trillion by 2075, compared to India’s US$52.5 trillion and the United States’ US$51.5 trillion, according to projections from Wall Street bank Goldman Sachs.

11 Jul 2023 - 10:36AM

The skylines of Shanghai and Mumbai, the financial capitals of China and India. Photo: SCMP Composite/Shutterstock

Bridgewater, Point72 seek China specialists as policy shocks crimp returns

As China and the US fight over everything from semiconductor chips and metals to regulations, some of the biggest hedge funds are seeking specialists to study Beijing’s policies.

10 Jul 2023 - 2:01PMvideocam

Chinese flags and pedestrians reflected on an office window in Shanghai in June 2023. Photo: Bloomberg

Opinion | Blinken’s visit a welcome chance for better US-China relations

Antony Blinken’s trip to China is unlikely to produce meaningful shifts in the US or China’s existing positions, but that is beside the point. The fact the two are meeting at a high level is a sign the dangerously negative trend in their relationship has at least a chance for repair.

16 Jun 2023 - 8:15AMvideocam

China economy

Macroscope | 2 unconventional ideas for how to revive China’s flagging economy

Instead of being unduly cautious about stimulus, Beijing should learn to avoid allocating it to unproductive sectors. China’s policymakers could also consider relying on the equity market, instead of property, to unleash household wealth.

14 Jun 2023 - 12:30AMvideocam

US-listed Chinese stocks

Michael Burry, Temasek add JD.com, Alibaba holdings as Dalio offloads China stocks

The world’s biggest institutional investors are at odds over Chinese stocks just months after singing from the same song sheet.

16 May 2023 - 5:09PM

Michael Burry attends a screening of ‘The Big Short’ in New York in this file photo from November 2015. Burry increased his stake in JD.com by 233 per cent and doubled his bet on Alibaba in the first quarter of this year. Photo: AFP

Opinion | World can live with US-China competition that stays clear of violence

From talent to tech, markets may be partially decoupled or fully severed. But in a civilised contest, acts of violence – particularly war – would be out of the question

8 May 2023 - 9:15AMvideocam

Middle East

After Singapore family office, Ray Dalio looks to Abu Dhabi for new hub

Dalio, whose net worth is estimated to be more than US$16 billion, joins an expanding list of wealthy individuals who are setting up offices in the UAE.

19 Apr 2023 - 10:18PM