SHANGHAI/HONG KONG — Chinese hedge fund managers are racing to launch products styled on Bridgewater Associates' popular "All Weather" strategy to meet hot investor demand for a cushion against expected volatility during Donald Trump's second US presidency.

Bridgewater founder Ray Dalio's "All Weather" is a volatility-mitigating, multi-asset strategy that helped shield its Chinese clients from the brunt of the Sino-US trade war during Trump's first term.

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