Page 5 - Bar Dea News Today

“Just doing what we’ve been doing isn’t good enough,” Nir Bar Dea, the fund’s CEO, said. “Evolve or die. That’s what’s happening here.”

Bridgewater is capping the size of its flagship funds, investing in AI and cutting about 100 jobs in a workforce of roughly 1,300.

Billionaire Ray Dalio became the “hedge fund king” after turning his company into a Wall Street titan. Handing over the reins got messy.

Bridgewater’s founder, Ray Dalio, retired last year after months of negotiations that guaranteed him a gigantic exit package.

Karen Karniol-Tambour joins Bob Prince and Greg Jensen in leading investment decisions at one of the world’s largest hedge fund.

The Satori Fund founder Dan Niles has more than three decades of market experience, with a focus on large-cap technology companies.

Dalio founded the hedge fund 47 years ago.

Ray Dalio is officially stepping down from Bridgewater Associates, green-lighting succession plans that have been in the works since 2010.

Dalio has transferred his majority stake to the board but remains a "meaningful" owner of the fund.

Central bank moves and softer economic data have investors hoping that the Fed and other central banks are almost done hiking interest rates.