Recently, global asset management giants have made frequent moves in the China market. After BlackRock obtained China's first wholly foreign-owned Public Offering of Fund license, Qiaoshui, the world's largest hedge fund, filed its second domestic private equity fund, Qiaoshui All-weather Enhanced China Private Equity Investment Fund No.2, at the end of September.

There are indications that although the global market is still full of uncertainties, the pace of the layout of foreign-funded institutions in China has not slowed down.

Bridge water plus code layout China assets

According to the data, Bridgewater, founded in 1975, is the largest hedge fund company in the world. Qiaoshui (China) Investment Management Co., Ltd. was established on March 7, 20 16, and completed the registration of private fund managers in China Fund Industry Association on June 29, 20 18. The first product of Qiaoshui in Chinese mainland was named "Qiaoshui All-weather China Private Equity Investment Fund 1No.", which was established on 20 18 10.9. This is the second time that Qiaoshui has issued domestic private equity products after two years.

It is worth noting that both domestic private equity funds of Qiaoshui have adopted all-weather strategies that they are good at. All-weather strategy is a low-risk asset allocation strategy recommended by Ray Dalio, founder of Bridgewater, to individual investors.

According to the all-weather strategy document published by Qiaoshui, the all-weather strategy divides the risks faced by the fund into four categories: economic growth, inflation, economic contraction and deflation. In order to cope with the risks of these different economic cycles, the strategy has allocated different types of assets. For example, in order to cope with inflation risks, the portfolio needs to hold anti-inflation bonds, commodities and developing country bonds.