Two Foreign Hedge Funds Get Go-Ahead to Tap Chinese Investors
Bridgewater Associates LP and Winton Group Ltd., two of the world’s top hedge funds, have been given the go-ahead to invest in China’s onshore securities such as stocks, bonds and commodity futures using money raised from domestic investors.
Applications by the firms’ wholly owned Chinese units to register as private investment fund managers were accepted on Friday by the Asset Management Association of China (AMAC), the government-backed agency that acts as a regulator and trade body for the industry. The registrations, posted (links in Chinese) on the association’s website on Monday, take the number of foreign companies planning to offer such funds to 13.
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