Ray Dalio, founder and co-chair of Bridgewater, has seen many rival funds copy his 'All Weather' strategy. He is seen speaking at the 2019 New Economy Forum in Beijing, November 21, 2019. File photo: Jason Lee, Reuters.
China bull Ray Dalio dumped Bridgewater Associates‘ stakes in China’s Alibaba, JD.com and Didi, Nasdaq.com reported.
Bridgewater’s Alibaba stake was valued at $813 million at the end of the previous quarter, according to the report. The world’s largest hedge fund also dumped 8.2 million Didi shares, 2.1 million shares of JD.com, 1.1 million Bilibili shares and 370,125 shares it owned in NetEase, the story said. It also trimmed a stake in Tencent Music Entertainment, but increased its holdings of Baidu in the second quarter, the report added.
Read the full report: Nasdaq.com
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