Mitt Romney Blasts Ray Dalio’s China Investments, Calling Them a ‘Moral Lapse’
(Bloomberg) -- Mitt Romney is not a fan of Ray Dalio's investments in China.
The Republican senator from Utah took to Twitter Thursday morning to criticize the billionaire founder of Bridgewater Associates, saying he's showing “feigned ignorance of China's horrific abuses and rationalization of complicit investments there” and that it's “a sad moral lapse.”
Dalio's firm raised 8 billion yuan ($1.3 billion) in November for a new private fund in China, bringing Bridgewater's onshore assets under management to more than 10 billion yuan, according to people familiar with the matter.
Earlier this week when asked about his investments in China on CNBC, Dalio said he can't be an expert on the political climate in every country where he invests. He relies on government guidance instead.
“Should I not invest in the United States because our own human rights issues or other things?,” Dalio said.
Read more: Bridgewater Raises $1.3 Billion for China Fund, Doubling Target
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