FINANCE

Bridgewater China to Appoint New Portfolio Manager, Sources Say

Published: Aug. 23, 2024 6:49 p.m. GMT+8

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As of the end of last year, Bridgewater had $112.5 billion in assets under management, while BCIM had more than 40 billion yuan ($5.6 billion). Photo: VCG

Bridgewater (China) Investment Management Co. Ltd. (BCIM), the China subsidiary of U.S. hedge fund giant Bridgewater Associates LP, is expected to appoint a new portfolio manager, sources close to the firm told Caixin.

Zhang Duan will take over the role from Joanna Alpert next month, according to the sources.

Zhang graduated from Yale University in 2013 with a bachelor’s degree in economics, and worked for investment firm Cambridge Associates for two years before joining Bridgewater in 2015, according to his LinkedIn profile.

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Zhang Duan will become the new portfolio manager of BCIM, replacing Joanna Alpert.
Joanna Alpert, now the head of total portfolio strategies at Bridgewater, will remain BCIM's general manager.
As of last year, Bridgewater manages $112.5 billion in assets, with BCIM handling over 40 billion yuan ($5.6 billion).

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Who’s Who

Bridgewater (China) Investment Management Co. Ltd.: Bridgewater (China) Investment Management Co. Ltd. (BCIM) is the China subsidiary of U.S. hedge fund Bridgewater Associates LP, registered as a private fund manager in 2018. Zhang Duan will become the new portfolio manager, succeeding Joanna Alpert, who remains as general manager. BCIM had over 40 billion yuan ($5.6 billion) in assets under management as of the end of last year.

BlueVirgo Capital Management LLC: BlueVirgo Capital Management LLC is a company co-founded by Joanna Alpert, focused on providing services related to real estate tax liens. Alpert served as co-CEO of the firm.

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What Happened When

2013：: Zhang Duan graduated from Yale University with a bachelor’s degree in economics.

2015：: Zhang Duan joined Bridgewater after working for Cambridge Associates for two years.

2018：: BCIM registered with the Asset Management Association of China as a private fund manager.

2018：: Zhang Duan joined BCIM and became a core member of its investment research team.

2018：: Joanna Alpert joined BCIM and was soon appointed portfolio manager.

2022：: Joanna Alpert was appointed as the general manager of BCIM.

By the end of last year, 2023：: Bridgewater had $112.5 billion in assets under management, while BCIM had more than 40 billion yuan ($5.6 billion).