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Coworkers, friends, and Bridgewater Associates employees past and present are mourning the death of Devon Dalio, a private equity investor, longtime co-CEO of the Dalio Family Office, Dalio Philanthropies board member, and son of the famed hedge fund’s founder. Devon Dalio, 42, died when his car struck a storefront and caught fire in Greenwich, Connecticut on the afternoon of Thursday, December 17. The cause of the crash is unknown. “Devon spent about 50 percent of his time with me, on the investment side of DFO, as a member of the investment team,” Zimmerman remembered Tuesday. “My f...

Holiday Bell: 12.23.20 Author: Dec 23, 2020 SEC kills IPOs; Trump temper-tantrum; Apple rejected Tesla; garbage company rejects Nikola; and more! The Securities and Exchange Commission announced Tuesday that it had approved an NYSE Group Inc. plan for so-called primary direct listings. The change marks a major departure from traditional IPOs, in which companies rely on investment banks to guide their share sales and stock is allocated to institutional investors the night before it starts trading. Instead, companies will now be able to sell shares directly on the exchange to raise capital -- s...

Greenwich police continue probe of deadly Riverside crash FacebookTwitterEmail 1of9 Fire destroyed the Verizon store in Riverside and damaged adjoining businesses after a car slammed into the building last Friday. Devon Dalio, who was behind the wheel of the car, was killed.File / Erik Trautmann / Hearst Connecticut MediaShow MoreShow Less 2of9 3of9 5of9 State Police investigate the motor vehicle accident and fire at the Verizon store on Putnam Avenue on Friday.Erik Trautmann / Hearst Connecticut MediaShow MoreShow Less 6of9 7of9 State Police used a drone to investigate Friday’s motor vehic...

The Verizon store, in the Riverside Commons in Greenwich, is where the deadly accident occurred. Author: Tony Terzi Updated: 6:33 PM EST December 21, 2020 Late Monday afternoon, the Office of the Chief Medical Examiner confirmed the victim of Thursday's fiery fatal crash into a store in a Greenwich shopping center was indeed 42-year-old Devon Dalio, of Greenwich, who is a son of Connecticut's wealthiest couple. However, the cause of the crash remains under investigation. The Verizon store, in the Riverside Commons in Greenwich, is where the deadly accident occu...

Financial News Devon Dalio was the co-founder of P-Squared Management Enterprises, a private-equity firm By Monday December 21, 2020 9:46 am Billionaire hedge fund investor Ray Dalio has tweeted about the death of his 42-year-old son, Devon Dalio, killed in a car accident earlier this week. Devon Dalio was driving when his car crashed into a Verizon store in Greenwich, Connecticut, on Thursday, according to the Connecticut Post newspaper. Dalio tweeted: "It is with great pain that...