Walleye Capital's $4.8 billion Opportunities Fund advanced 3.4%, leading multistrategy peers.
The hedge fund focused on Asia-Pacific equities and equity-linked securities.
He worries about economic sanctions, saying economic warfare precedes military warfare.
The majority of the firm's investments will be in Asia.
The billionaire investor has been adamant about an upcoming recession, it's "just a question of when."
Sterling's outlook is starting to look a little calmer, although there are still uncertainties ahead.
Dalio's comments come as his support for the nation and its government recently brought criticism from politicians.
Hwang and Li had both piled into the same Chinese online-education company, GSX Techedu.
Regardless of who wins the presidential election, the U.S. will run bigger deficits and sell more debt, he said.
Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month.
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