Ray Dalio Sells Last Stake in Bridgewater, Steps Down After 50 Years; Brunei Fund Now Owns Nearly 20%
Ray Dalio, the billionaire founder of Bridgewater Associates, has sold his last remaining stake in the hedge fund and stepped down from its board, marking the end of his 50-year leadership of the firm. This transition caps a period of significant change at Bridgewater, which has grown to become the world’s largest hedge fund. Following Dalio’s exit as an owner and board member, Brunei’s sovereign wealth fund now holds nearly 20% of Bridgewater. Despite selling his ownership stake, Dalio has stated he will remain involved as a client and mentor to the firm.
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Energy Headline NewsRay Dalio sold his last remaining stake in Bridgewater Associates and stepped off its board, capping a tumultuous transition at the hedge-fund firm he founded - WSJ
WSJ Markets
Ray Dalio sold his last remaining stake in Bridgewater Associates and stepped off its board, capping a tumultuous transition at the hedge-fund firm he founded https://t.co/G5yADcF1Hq
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