Bridgewater founder Ray Dalio takes control of the company

Founder of Bridgewater Associates Ray Dalio stepped down as co-investor of the largest hedge fund company in the United States, nearly five decades after he started the job in his Manhattan apartment.

The move, which ended on Friday and was announced on Tuesday, follows a tumultuous, multi-year succession process that leaves a handful of Dalio associates in charge of the $150 billion company. . Mr. Dalio remains on the Bridgewater board.


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