Ray Dalio, founder of Bridgewater Associates LP, will speak at the Milken Institute Asia Summit held in Singapore on Wednesday, September 18th, 2024. The scale of the Federal Reserve’s interest rate cuts this week is the risks from China’s slowdown continue to strengthen our minds. Photographer: Ore Huiing/Bloomberg via Getty Images
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Raydario, the founder of one of the biggest hedge fund bridgewaters, dumped the remaining shares into the company and stepped away from the board of directors.
Bridgewater completed its final sale of Dalio’s stock shares and ended its management transition in 2022, according to anyone familiar with the issue. Dario will remain a key investor in Bridgewater’s strategy and mentoring, the person said.
The billionaire has been selling his fairness for many years. To facilitate the final transition of his ownership, Bridgewater raised capital from existing investors and employees. Joint CIOS Bob Prince and Greg Jensen said they are two key stockholders.
“We share a celebration with Ray. He will always be our memorable founder, leader of many and a long-time client who has invested heavily in Bridgewater’s strategy,” Bridgewater CEO Nir Bar DEA and co-chair Mike McGavick said in a July 21 letter to clients seen by CNBC. “Ray has always described this transition as “makes dreams come true.” We are excited that we made it a reality together. ”
The Wall Street Journal was the first to report Dario’s stock sales. The founder appears to have confirmed the migration on LinkedIn Post.
Dario, who founded Bridgewater in 1975, focuses on macro strategies such as trading currencies and bond markets based on economic trends. Dario resigned as Bridgewater’s chief executive in 2017 and chairman at the end of 2021.
Bridgewater said it had a strong profit in the first half of 2025, with the Pure Alpha Fund rising 17% and the All Weather Fund rising 8%.
