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Ray Dalio, after a 47-year successful investment career, stepped down from his role as the co-chief investment officer of Bridgewater Associates at the end of September, and he gave up his voting rights...
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.
Bridgewater billionaire Ray Dalio has relinquished control of his US$150 billion company after running the firm for most of its 47 years.
The billionaire hedge fund founder jettisons all his voting rights, ending a drawn-out transition of power.