© Reuters. Ray Dalio, Bridgewater’s co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid
(Reuters) -Bridgewater Associates said on Tuesday billionaire founder Ray Dalio had stepped down from his role as one of the hedge fund’s co-chief investment officers.
Dalio – who built Bridgewater into the world’s biggest hedge fund with $150 billion of assets under management – has sold off his majority stake but remains a “meaningful” owner, the company said.
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