Bridgewater Associates Founder Ray Dalio Sells Remaining Stake, to Step Down from Board of Directors

BlockBeats News, August 1st, according to Reuters, in a letter to investors, Bridgewater Associates founder Ray Dalio has sold his remaining fund stake. Dalio founded Bridgewater hedge fund 50 years ago, and this transaction marks the end of a years-long transition for the world's largest hedge fund with $92.1 billion in assets under management. Ray Dalio, 76, stepped down as CEO in 2017 and is set to hand over control of Bridgewater hedge fund to a new generation of investors in 2022. A source said Ray Dalio will also resign from the board.