Ray Dalio Steps Down as Investment Chief of Bridgewater Associates
Ray Dalio said that he will continue to hold his stake in Bridgewater Associates and mentor firm's investors in years to come.
Source: coinspeaker.com
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Ray Dalio said that he will continue to hold his stake in Bridgewater Associates and mentor firm's investors in years to come.
After 47 years in charge, Ray Dalio gave up control over Bridgewater.
The billionaire founder of Bridgewater Associates first initiated his transition plan in 2010.
With 47 years heading what’s now the biggest hedge fund firm, the 73-year-old investment guru hands over control to a younger generation.
The Bridgewater Associates founder has given up his co-CIO role and voting rights as part of a succession plan.