Who was Devon Dalio? Son of billionaire hedge fund manager Ray Dalio Katrina Schollenberger, SEO Reporter Updated: 19 Dec 2020, 17:32 Katrina Schollenberger, SEO Reporter Invalid Date, DEVON Dalio is the son of Ray Dalio, a billionaire who founded one of the world's largest hedge funds. Devon tragically passed away on December 17. 8 Who was Devon Dalio? Devon was CEO of the Dalio Family Office for eight years before he founded his private equity firm. He was also a former employee at Bridgwater Associates. 8 Devin Dalio died in a fiery car accident According to Greenwich Time, Devon's philanthropic interests included health and wellness, support for veterans, disaster relief, and animal welfare.