Ray Dalio is the founder of the firm.
Thomas Peter.
According to the Wall Street Journal, Ray Dalio's firm has already raised over a billion dollars for its third fund in China.
The move shows that the hedge fund is bullish on China and makes it one of the largest foreign managers of private funds in China.
The trust product overseen by China Resources Trust is a new fund that allows investors to buy into. The investment advisor is from the China branch. Money from investors is put into the fund.
The world's largest hedge fund, with $150 billion in assets, has surpassed most other private-fund managers in China with its 8 billion-yuan fund.
Only one of the 35 wholly foreign-owned private funds in China manages more than 5 billion dollars. Winton Investment Management is the largest firm in China with assets between 5 billion and 10 billion.
Even as Wall Street disagrees, Dalio has been vocal in his support of Chinese investments. Many American investors fled China after it cracked down on the technology and education sectors.
As China goes after high-profile tycoons, Ark Invest is holding off on adding bets in Chinese markets.
Western observers will probably miss out on China.
"It's a part of the world that one can't neglect and not only because of the opportunities it provides, but you lose the excitement if you're not there," he said.
Business Insider has an original article.
