Bridgewater exits Ray Dalio era with overhaul, bets on AI and job cuts
“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.”
Source: afr.com
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Bridgewater exits Ray Dalio era with hedge fund overhaul, bets on AI, job cuts
Bridgewater is capping the size of its flagship funds, investing in AI and cutting about 100 jobs in a workforce of roughly 1,300.
Source: pionline.com
Ray Dalio extracted billions from Bridgewater to walk away
Billionaire Ray Dalio became the “hedge fund king” after turning his company into a Wall Street titan. Handing over the reins got messy.
Source: theage.com.au
Hedge Fund Billionaire Gets Billions More to Retire
Bridgewater’s founder, Ray Dalio, retired last year after months of negotiations that guaranteed him a gigantic exit package.
Source: nytimes.com
Bridgewater Adds a Third CIO to Its Investment Committee
Karen Karniol-Tambour joins Bob Prince and Greg Jensen in leading investment decisions at one of the world’s largest hedge fund.
Source: institutionalinvestor.com