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Komfie Manalo, Opalesque Asia:

The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

The Journal reported that the $169 billion fund management firm told its investors the recent stock market crash in China would have broad, far-reaching repercussions.

Raymond Dalio, Bridgewater’s founder, told his clients this week, "Our views about China have changed. There are now no safe places to invest."

The report added that Bridgewater’s move follows the earlier decision by the $3 billion Kingdon Capital to sell all its shares in Chinese companies listed on the Hong Kong exchange after the hedge fund was hit by the Chinese stock-market rout that pushed a decline in profits.

Over the past weeks, high-profile hedge-fund managers, including Elliott Management’s founder Paul Singer, Perry Capital’s founder Richard Perry and Pershing Square Capital Management’s founder William Ackman, have all turned bearish on China and publicly express their concerns.

Ackman was quoted as saying during an investment confer......................

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