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Bridgewater Founder Ray Dalio Sells His Remaining Stake in Firm

Bridgewater Founder Ray Dalio Sells His Remaining Stake in Firm

Bloomberg2 days ago
Bridgewater Associates founder Ray Dalio sold the remainder of his stake in the hedge fund he founded decades ago and left its board.
Bridgewater bought the remaining shares, said a person familiar with the matter who asked not to be identified citing private details. Separately, the Brunei Investment Agency, a sovereign wealth fund, invested in the company, giving it a nearly 20% stake in the firm, the person said.
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