Ray Dalio founded Bridgewater from his two-bedroom New York City apartment and built it into the world’s biggest hedge fund. Now the billionaire is finally letting go.
ANZ lifts RBA peak rate forecast to 3.6pc. ASIC sues Harvey Norman, Latitude for misleading ads. Musk revives Twitter bid, shares spike. Ray Dalio gives up control at Bridgewater. Link entertains fresh D&D offer for parts. Follow for updates.
Dalio, a former Wall Street trader, said in his posts on Twitter he started Bridgewater with two others in his two-bedroom apartment. Bridgewater is now a “multi-generation institution” with 1,300 people, he said.