Ray Dalio, founder of Bridgewater, the hedge fund he founded 50 years ago, has sold the rest of his fund, according to a letter sent to investors, Reuters reported, in a deal that marks the end of a multi-year transition period for the world's largest hedge fund with $92.10 billion in assets under management.
Ray Dalio, 76, who stepped down as chief executive in 2017 and handed control of the Bridgewater hedge fund to a new generation of investors in 2022, will also step down as a board member, a source said.
Bridgewater Fund founder Ray Dalio sells remaining shares and will step down as a board member
2025-08-01 04:33:25
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