Bridgewater Fund founder Ray Dalio sold the remaining stake and will resign as a member of the board."
Online reports, Reuters reported that according to a letter sent to investors, Bridgewater Fund founder Ray Dalio sold the remaining shares of the fund, which he founded 50 years ago. The transaction marks the end of a multi-year transition period for the world's largest hedge fund with assets of US$92.1 billion. Ray Dalio, 76, resigned as CEO in 2017 and handed over control of Bridgewater Hedge Fund to a new generation of investors in 2022. A source said Ray Dalio will also resign as a board member.
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