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Bridgewater Associates founder Ray Dalio sells remaining shares and will step down from the board of directors.
On August 1, according to a Reuters report, Bridgewater Associates founder Ray Dalio sold his remaining fund shares. Bridgewater Hedge Fund, which he founded 50 years ago, marks the end of years of transition for the world's largest hedge fund, managing assets totaling $92.1 billion. The 76-year-old Ray Dalio stepped down as CEO in 2017 and handed over control of Bridgewater Hedge Fund to a new generation of investors in 2022. An insider stated that Ray Dalio will also resign from his position on the board.