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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. ....

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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. ....

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