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. On June 29, 20 18, the registration of private fund managers was completed with a registered capital of 50 million yuan, making it a foreign private placement.
The two onshore funds launched by Qiaoshui in China both adopted the framework of "all-weather strategy" that they are best at.
The all-weather strategic framework of Qiaoshui is a classic "four grids": under the premise of dividing the economic environment into four points, the all-weather strategy corresponds the asset categories to the market environment it adapts to: stocks, commodities, corporate credit bonds and emerging market bonds will perform well in the economic upswing; During the economic downturn, ordinary bonds and inflation-linked bonds performed better; During the period of rising inflation, inflation-linked bonds, commodities and emerging market bonds performed better; During the period of falling inflation, stocks and ordinary bonds performed better.
In this way, as long as 25% risk is allocated in every possible scenario, it can be guaranteed that the risk exposure can be well controlled under any economic conditions.
As the head of bridgewater, Ray Dalio has repeatedly expressed his optimism about investing in China.
In a recent interview with the media, he said that the way to invest in the China market is to establish a diversified portfolio.