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Ray Dalio gives up Bridgewater s control as part of succession plan

Dalio has transferred his majority stake to the board but remains a "meaningful" owner of the fund.

United statesDavid mccormickMark bertoliniCarl icahnRay dalioJamie dimonJpmorgan chase coBridgewater associatesChief executive officers nir bar deaPure alphaBar dea

Ray Dalio, founder of CT s Bridgewater Associates, steps down from leadership of world s largest hedge fund – Hartford Courant

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.

United statesMark bertoliniGreg jensenRay dalioIsraeli defenseBridgewater associatesWall streetChief investment officers bob princeChief executive officers nir bar deaOperating boardBar dea

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