Bridgewater has managed money since 1993 for Chinese institutions outside China.

True: records show Bridgewater began managing money for one or more Chinese institutions, from outside China, in 1993, and kept doing so up to September 2017. Mostly true: the relationship began in 1992 or 1994–1995, or briefly lapsed, but has been substantially ongoing. Mixed: Bridgewater has managed money for Chinese institutions, but only from a much later date (around 1996–2005), or only on and off. Mostly false: Bridgewater's only relationships with Chinese institutions before the late 2000s were advisory or informal, with no assets managed, or management began only after 2005. False: evidence shows Bridgewater did not manage money for Chinese institutions before 2017.

Set before the research began.

1. E1 Ray Dalio Needs China. Does China Need Ray Dalio? Institutional Investor · 16 July 2018

   “We’ve had Chinese investors for a long time, since about 1993. One of our first clients was a Chinese firm that is still a client,”

2. E2 Senior Investment Associate Built In (job listing on Bridgewater Associates role) · 22 September 2025 Own record

   “we have been managing money for sophisticated institutional investors in the Asia-Pacific region ever since our first Chinese client invested in 1993.”

3. E3 Ray Dalio Needs China. Does China Need Ray Dalio? Institutional Investor · 16 July 2018 Own record

   “We’ve had Chinese investors for a long time, since about 1993. One of our first clients was a Chinese firm that is still a client,”

4. E4 Bridgewater set to expand in onshore investment market China Daily · 24 July 2018

   “The United States-based firm has managed assets for Chinese institutional investors in the global markets since 1993.”

5. E5 Bridgewater set to expand in onshore investment market China Daily · 24 July 2018

   “The firm has had an on-ground presence in the region for nearly a decade, opening its Beijing office in 2011.”

6. E6 How Ray Dalio Broke Into China Institutional Investor · 18 December 2017

   “By Dalio’s own admission in his book, Principles: Life and Work, published in September, he served as an informal adviser to Chinese regulators in the formation of the nation’s stock markets in the late 1980s.”

7. E7 Hong Kong IFA has China-sized ambitions | FinanceAsia FinanceAsia · 5 May 2003

   “Bridgewater, a two-year old boutique investment advisory, is aggressively chasing high-net worth clients and expanding beyond its Hong Kong base into China.”

China Daily [E4], an independent outlet, reports that Bridgewater has managed assets for Chinese institutional investors in global markets since 1993. It also reports that the firm opened its Beijing office in 2011 [E5], which fits the claim that the earlier money was managed from outside China. A Bridgewater job listing [E2] and a quote in Institutional Investor ("since about 1993", with an early Chinese client "still a client") [E1] give the same date and suggest the relationship was ongoing. The evidence does not name the specific mandates or document each year from 1993 to 2017, so the verdict is mostly true rather than true. E7 is about a different firm, a Hong Kong advisory also called Bridgewater, and is not relevant.