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.


That's a shame.