Billionaire Ray Dalio sells remaining stake in – Business News
Investor Ray Dalio offered his remaining stake in Bridgewater Associates, the hedge fund he based 50 years in the past, in response to a letter despatched to buyers, whereas Brunei’s sovereign fund acquired a minority stake in the firm, a source mentioned.
“We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities,” Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick mentioned in a July 21 letter to shoppers seen by Reuters.
The transaction marks years-long transition on the world’s largest hedge fund, with $92.1 billion in belongings below management. Dalio, 76, resigned from his CEO place in 2017 and handed over control of Bridgewater to a new technology of buyers in 2022.
Ray Dalio based Bridgewater 50 years in the past. REUTERS
Dalio mentioned in a social media post on Thursday that he was thrilled to be passing alongside Bridgewater to the following technology.
“Above all else, I am thrilled about it because I love seeing Bridgewater alive and well without me—even better than alive and well with me,” he mentioned.
The source, who spoke on situation of anonymity as a result of the data was not public, mentioned Dalio will step down as a board member as nicely.
After Dalio offered his stake to Bridgewater, the Brunei Investment Agency redeemed money invested in the firm’s funds and purchased a minority stake in the hedge fund supervisor, the source added.
Brunei’s sovereign fund didn’t instantly reply to a request for feedback on the transaction.
Co-Chief Investment Officer Bob Prince is now Bridgewater’s greatest particular person associate, whereas the firm is managed by a group of staff, the source mentioned.
The Wall Street Journal first reported Dalio’s sale of his stake in Bridgewater and the Brunei sovereign fund’s investment earlier on Thursday.
Bridgewater Associates’ fundamental funds ended the primary half of 2025 with features, with the flagship Pure Alpha 18% volatility posting a 17% return in the primary half of 2025.
