(Hedgeweek) Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, is stepping down as co-chief investment officer of the $150 billion firm, according to a report by Bloomberg. Dalio has handed over control of Bridgewater, to a new generation of investors, as the final part of a succession plan.
Ray Dalio passes control of Bridgewater Associates to the firm’s board
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