Bridgewater founder Ray Dalio hands over control of the company

Founder of Bridgewater Associates Ray Dalio quit as head of co-investments at America’s largest hedge fund firm, nearly five decades after he set it up in his Manhattan apartment.

The move, finalized on Friday after a tumultuous years-long succession process, leaves a handful of Dalio associates at the helm of the $150 billion company. Mr. Dalio remains on the Board of Directors of Bridgewater.


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