Ray Dalio has raised over a billion dollars for a private fund.
The web summit was via the photo above.
The billionaire investor said he answered a question about China's human rights record poorly, which led to a misunderstanding of his views.
After coming in for criticism for comments made to CNBC, the boss of the firm tried to clarify his position in a thread on social media.
The misunderstanding of my views was created by the question I answered about China from Andrew Ross Sorkin.
He apologized, saying his answer lacked that nuance and caused confusion.
Last week, Andrew Ross Sorkin of CNBC asked about China's human rights record in light of the disappearance of top tennis player Peng Shuai.
The investor said that he can't be an expert in those things, but that Beijing was a strict parent.
Senator Romney said that the comments were a sad moral lapse.
The founder and chief investment officer of the world's biggest hedge fund raised over a billion dollars for a Chinese private fund.
Romney said last week that Ray Dalio is brilliant and a friend, but his feigned knowledge of China's abuses is a sad moral lapse.
The American investor said he was trying to explain what a Chinese leader had told him about Beijing's approach to governing.
He wrote that Confucianism is based on the family and that is a more autocratic approach. I was not endorsing that approach.
He said that his clients rely on him to invest in the best possible ways in all the countries.
He said that he weighs the pros and cons of investing in China in light of human rights issues, although he did not directly address Beijing's alleged activities.
The Chinese government has been accused of removing high-profile figures from public view in order to stamp out dissidents.
Human rights groups, governments and the Women's Tennis Association have raised concerns about the fate of Peng Shuai. A tennis player accused a senior member of the Chinese Communist Party of sexual misconduct, but was not seen for three weeks.
The issue of China is a thorn in the side of investors and institutions. The asset manager's push into China is a "tragic mistake" according to George Soros.
Jamie Dimon apologized for making a joke that his bank would beat the Chinese Communist Party.
China has been cracking down on hedge fund favorites. Here's how billionaire investors are playing.
Business Insider has an original article.
