Chinese Hedge Fund Jumps 258% After Ditching Ray Dalio’s Playbook
- Shanghai Banxia’s Li says Dalio approach is unsuited to China
- Shift to embrace leverage helped tiny macro fund top rankings
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Shanghai hedge fund manager Li Bei says she learned quickly that the low-volatility approach to investing behind the rise of Bridgewater Associates was doomed in China for a startup like hers.
Steady returns did little to draw investors used to short-term rewards, so she put in her own money, cranked up leverage and produced an industry-leading 258% gain last year.