Details
🏦 Access for the Wealthy Only: Private banks such as China Merchants or Ping An offer Bridgewater products exclusively to clients with at least CNY 10 million (USD 1.4 million) in assets.
📈 Strong Returns: In 2024, the funds gained more than 35 percent; since their 2021 launch, annualized performance has been about 20 percent. The first seven months of 2025 added another 18 percent.
💼 Rapid Growth: Onshore assets grew 40 percent in 2024 to more than CNY 55–60 billion (USD 7.6–8.3 billion), putting Bridgewater well ahead of other international funds.
🧭 Strategy: “All Weather Plus” combines risk parity with active management across equities, bonds, and commodities; gold and bonds were major contributors to results.
🆚 Comparison: Rivals like D.E. Shaw or Two Sigma manage only CNY 5–10 billion in China, while Vanguard has pulled out.
Big Picture
Bridgewater has become the “Hermès” of hedge funds in China: coveted but hard to access. For banks, the funds are a magnet for attracting the ultra-wealthy. For investors, they offer a rare mix of solid returns and exclusivity. The boom highlights how capital in China is shifting from safe deposits to more complex strategies — and how international players can shape local markets when they adapt.
The China Survival Guide for Western Businesses
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