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SOCIETY & CULTURE

Why is U.S. Hedge Fund Manager Treated Like a Rock Star in China?

Ray Dalio, billionaire investor and founder of Bridgewater Associates, pauses during a Bloomberg Television interview at the Grand Hyatt in Beijing on Feb. 27. Photo: VCG
Ray Dalio, billionaire investor and founder of Bridgewater Associates, pauses during a Bloomberg Television interview at the Grand Hyatt in Beijing on Feb. 27. Photo: VCG

Chinese bankers and finance professionals have been chattering about Ray Dalio, founder of the world’s largest hedge fund, in recent weeks after the local version of his memoir “Principles” hit the shelves of Chinese bookstores.

Many have been sharing power-point presentations and speech transcripts of the 68-year-old founder of Bridgewater Associates, who has built a cult following in China over the past decades. Dalio shot to fame on Wall Street for his Midas touch, especially during and after crises.

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