Bridgewater, Dalio Donate $10 Million For China Virus Fight
- Money to go to hospitals and frontline medical teams
- Hedge fund founder has long personal association with China
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Billionaire Ray Dalio’s family charity and his hedge fund Bridgewater Associates LP are donating $10 million to help support China’s coronavirus relief efforts.
The money will go to Peking University First Hospital, Union Hospital for Clinical Care and three medical teams led by academics in Wuhan, the world’s largest hedge fund said in an emailed statement Monday.