Ray Dalio, laminitis of Bridgewater Associates LP, speaks during the Milken Institute Asia Summit successful Singapore, connected Wednesday, Sept. 18, 2024. The size of the Federal Reserve's involvement complaint chopped this week won't beryllium a crippled changer for planetary investors, though risks from China's slowdown proceed to measurement connected their minds, according to participants astatine the determination forum. Photographer: Ore Huiying/Bloomberg via Getty Images
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Ray Dalio, laminitis of 1 of the biggest hedge funds Bridgewater, has dumped his remaining shares successful the steadfast and stepped speech from its board.
Bridgewater completed the last merchantability of Dalio's equity shares, wrapping up his absorption modulation started successful 2022, according to a idiosyncratic acquainted with the matter. Dalio volition proceed to beryllium a important capitalist successful Bridgewater's strategies and a mentor, the idiosyncratic said.
The billionaire has been selling his equity for years. To facilitate the last modulation of his ownership, Bridgewater raised superior from existing investors and employees. Co-CIOs Bob Prince and Greg Jensen are 2 important equity holders, the idiosyncratic said.
"We stock our congratulations to Ray – helium volition ever beryllium our cherished founder, is simply a mentor to many, and remains a longstanding lawsuit with important investments successful Bridgewater's strategies," Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick said successful a July 21 missive to clients seen by CNBC. "Ray has ever described the modulation arsenic a 'dream travel true' and we're excited to person made it a world together."
The Wall Street Journal archetypal reported Dalio's involvement sale. The laminitis seemingly confirmed the modulation successful a LinkedIn post.
Dalio, who founded Bridgewater successful 1975, has focused connected macro strategies, specified arsenic trading currency and fixed income markets based connected economical trends. Dalio stepped down arsenic Bridgewater's main enforcement serviceman successful 2017 and president astatine the extremity of 2021.
Bridgewater enjoyed coagulated gains successful the archetypal fractional of 2025, with its Pure Alpha money up 17% and its All Weather money rising 8%, the idiosyncratic said.
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