The famed investor is giving up control of Bridgewater, the company he built nearly 50 years ago.
The founder of Bridgewater Associates, who is stepping back, helped usher in modern financial markets.
Investor billionaire Ray Dalio will give up control of Bridgewater Associates after first establishing the hedge fund more than four decades ago.
Mr. Dalio, who started Bridgewater Associates out of his two-bedroom apartment in 1975, grew the hedge fund into a $150 billion behemoth.
After 47 years in charge of the world's largest hedge fund, Bridgewater Associates, its founder Ray Dalio has finished a leadership transition that began in ...
Ray Dalio, the billionaire founder of Westport-based Bridgewater Associates, has completed a long-term plan by handing over control of the hedge fund.
Dalio has finally ceded control of his $150 billion hedge fund empire. Plus, how Elon Musk's latest Twitter move stands to hurt Wall Street.