Bridgewater Associates’ onshore China hedge fund is adding exposure to local stocks and bonds after a rally in risk assets boosted returns in the first quarter to 6.4%, beating most local rivals.
The Shanghai-based private fund management arm told investors in its All Weather Plus strategy that the systematic multi-asset portfolio contributed a 3.8% return for the period, when policymakers stepped up support for the local economy and markets, according to a letter seen by Bloomberg. Active management by its team added a 2.1% gain.
