Comments from Bridgewater's founder Raymond Dalio in a note to clients this week:
- "Our views about China have changed"
- "There are now no safe places to invest."
Says the Wall Street Journal (may be gated):
- Bridgewater executives once had been vocal advocates of China's potential. But that was before panic in the country's stock markets shaved a third of the value off Shanghai's main index.
- A spokeswoman declined to elaborate on the fund's changing views on China.
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That's a shame.