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Bridgewater Associates sets up a branch in Shanghai FTZ
Bridgewater Associates, one of the world's biggest hedge fund firms, has won approval to set up a wholly-owned subsidiary in Shanghai's pilot free trade zone.
Ray Dalio, the founder of the US investment management firm, registered Bridgewater (China) Investment Management Ltd on March 7, according to a filing at the Shanghai office of the State Administration for Industry and Commerce. The move was carrying on quietly until Z-Ben Advisors, a Shanghai research firm that tracks the investment-fund industry, disclosed the registration in a note released yesterday.