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Legendary investor Ray Dalio is launching his biggest-ever China fund, report says

6 days ago   |   By Business Insider

Bridgewater Associates founder Ray Dalio. Thomas Peter/Reuters
Bridgewater Associates has raised about $1.25 billion for its third investment fund in China, per the Wall Street Journal.
The world's largest hedge fund is also among the largest foreign asset managers operating in China.
Longtime China bull Dalio maintains that the Chinese markets hold opportunity that Western observers will "probably continue to miss out on."
Ray Dalio's Bridgewater Associates LP is set to launch its third investment fund in China and has already raised about $1.25 billion, according to the Wall Street...
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Dan Loeb's hedge fund Third Point netted a $300 million profit from Rivian's IPO, report says

6 days ago   |   By Business Insider

Rivian's IPO was one of the biggest in history. Michael M. Santiago/Getty Images
Daniel Loeb's Third Point made a $300 million profit on the back of Rivian's huge IPO, the Financial Times has reported.
The hedge fund made a number of investments over the last year, including in convertible notes which turned into shares.
Rivian went public earlier this month in one of the biggest IPOs in history, raising $11.9 billion.
Third Point, the hedge fund of billionaire investor Daniel Loeb, scored a $300 million gain from electric-vehicle startup Rivian's blockbuster IPO earlier this month...
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