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2025-08-01 14:11:38
[Dalio Exits Bridgewater Associates Board] Renowned hedge fund investor Ray Dalio recently sold his last remaining shares in Bridgewater Associates, the world's largest hedge fund, and resigned from the board. In a statement, Dalio said he looked forward to witnessing Bridgewater's future success as a "client and mentor." Last week, Bridgewater Associates announced in a letter to clients that it had repurchased all of Dalio's remaining shares. The company subsequently issued new shares to the Brunei Investment Authority. In this multi-billion dollar transaction, the Southeast Asian sovereign wealth fund acquired a nearly 20% stake in Bridgewater, becoming one of the firm's largest shareholders. Bridgewater Associates' assets under management have shrunk significantly in recent years, from $168 billion at the end of 2019 to $92.1 billion by the end of 2024. However, the company's flagship Pure Alpha fund has seen improved performance following the size restriction, with an 11.3% return in 2024 and a 17% gain in the first half of 2025.
