Bridgewater founder Ray Dalio sells remaining stake in hedge fund
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NEW YORK - Investor Ray Dalio sold his remaining stake in Bridgewater Associates , the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei's sovereign fund acquired a minority stake in the firm, a source said."We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities," Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick said in a July 21 letter to clients seen by Reuters.The transaction marks years-long transition at the world's largest hedge fund, with $92.1 billion in assets under management. Dalio, 76, resigned from his CEO position in 2017 and handed over control of Bridgewater to a new generation of investors in 2022.Dalio said in a social media post on Thursday that he was thrilled to be passing along Bridgewater to the next generation."Above all else, I am thrilled about it because I love seeing Bridgewater alive and well without me-even better than alive and well with me," he said.The source, who spoke on condition of anonymity because the information was not public, said Dalio will step down as a board member as well.After Dalio sold his stake to Bridgewater, the Brunei Investment Agency redeemed money invested in the firm's funds and bought a minority stake in the hedge fund manager, the source added.Brunei's sovereign fund did not immediately respond to a request for comments on the transaction.Co-Chief Investment Officer Bob Prince is now Bridgewater's biggest individual partner, while the firm is controlled by a group of employees, the source said.The Wall Street Journal first reported Dalio's sale of his stake in Bridgewater and the Brunei sovereign fund's investment earlier on Thursday.Bridgewater Associates' main funds ended the first half of 2025 with gains, with the flagship Pure Alpha 18% volatility posting a 17% return in the first half of 2025.
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Economic Times
01-08-2025
- Economic Times
Bridgewater founder Ray Dalio sells remaining stake in hedge fund
Ray Dalio has sold his remaining stake in Bridgewater Associates. He founded the hedge fund 50 years ago. Brunei Investment Agency has acquired a minority stake in the firm. Dalio resigned as CEO in 2017. He handed over control in 2022. Bob Prince is now Bridgewater's biggest individual partner. The firm is controlled by a group of employees. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW YORK - Investor Ray Dalio sold his remaining stake in Bridgewater Associates , the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei's sovereign fund acquired a minority stake in the firm, a source said."We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities," Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick said in a July 21 letter to clients seen by transaction marks years-long transition at the world's largest hedge fund, with $92.1 billion in assets under management. Dalio, 76, resigned from his CEO position in 2017 and handed over control of Bridgewater to a new generation of investors in said in a social media post on Thursday that he was thrilled to be passing along Bridgewater to the next generation."Above all else, I am thrilled about it because I love seeing Bridgewater alive and well without me-even better than alive and well with me," he source, who spoke on condition of anonymity because the information was not public, said Dalio will step down as a board member as Dalio sold his stake to Bridgewater, the Brunei Investment Agency redeemed money invested in the firm's funds and bought a minority stake in the hedge fund manager, the source sovereign fund did not immediately respond to a request for comments on the Investment Officer Bob Prince is now Bridgewater's biggest individual partner, while the firm is controlled by a group of employees, the source Wall Street Journal first reported Dalio's sale of his stake in Bridgewater and the Brunei sovereign fund's investment earlier on Associates' main funds ended the first half of 2025 with gains, with the flagship Pure Alpha 18% volatility posting a 17% return in the first half of 2025.
Time of India
01-08-2025
- Time of India
Bridgewater founder Ray Dalio sells remaining stake in hedge fund
NEW YORK - Investor Ray Dalio sold his remaining stake in Bridgewater Associates , the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei's sovereign fund acquired a minority stake in the firm, a source said. "We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities," Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick said in a July 21 letter to clients seen by Reuters. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Degree Design Thinking Management Data Science MBA Project Management Data Science others Operations Management Technology Finance Leadership Healthcare CXO Digital Marketing Others Public Policy Artificial Intelligence MCA healthcare Product Management Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo The transaction marks years-long transition at the world's largest hedge fund, with $92.1 billion in assets under management. Dalio, 76, resigned from his CEO position in 2017 and handed over control of Bridgewater to a new generation of investors in 2022. Dalio said in a social media post on Thursday that he was thrilled to be passing along Bridgewater to the next generation. "Above all else, I am thrilled about it because I love seeing Bridgewater alive and well without me-even better than alive and well with me," he said. Live Events The source, who spoke on condition of anonymity because the information was not public, said Dalio will step down as a board member as well. After Dalio sold his stake to Bridgewater, the Brunei Investment Agency redeemed money invested in the firm's funds and bought a minority stake in the hedge fund manager, the source added. Brunei's sovereign fund did not immediately respond to a request for comments on the transaction. Co-Chief Investment Officer Bob Prince is now Bridgewater's biggest individual partner, while the firm is controlled by a group of employees, the source said. The Wall Street Journal first reported Dalio's sale of his stake in Bridgewater and the Brunei sovereign fund's investment earlier on Thursday. Bridgewater Associates' main funds ended the first half of 2025 with gains, with the flagship Pure Alpha 18% volatility posting a 17% return in the first half of 2025.
Mint
23-07-2025
- Mint
Ray Dalio on Donald Trump vs Jerome Powell: ‘Argument about value of money…' What do market and economic indicators say?
Billionaire investor and founder of Bridgewater Associates, Ray Dalio, has chipped in on the very public feud between United States President Donald Trump and Federal Reserve Chairman Jerome Powell. In a post on social media platform X (formerly Twitter), titled 'Defending the Value of Money', Ray Dalio outlined his belief that the bone of contention between Donald Trump and Jerome Powell comes down to differences in philosophy over the value of money. In his detailed article on X, Ray Dalio stated, 'The argument between Donald Trump and Jerome Powell is about the value of money.' On the key point of contention, he explained, '… When there is too much debt and borrowing, the classic way of dealing with it is to push real interest rates down and devalue money, which is bad for creditors and good for debtors. That is what Donald Trump is pushing for and what Jerome Powell is defending against.' Ray Dalio acknowleged that while such arguments are 'normal', the disagreement between Donald Trump and Jerome Powell is 'more intense'. 'Heads of state normally want to have more stimulation to boost spending on financial markets, goods, and services, which makes people happy, until there is so much inflation that even they agree that money should be tighter, while good central bankers try to get the balance right between being too easy and being too tight, looking at indicators of which way things are leaning to 'lean against the wind.' So, there is a natural tension between central bank leaders and those in office who want to make people happy and get re-elected. In normal times, there is a recognition of and respect for the separation of these powers, but in extreme cases, this separation of powers breaks down,' he added. Dalio also sough to answer what monetary policy should do; noting that taking a cue from the market and economic indicators, besides others influences is important. He added that at present, the market indicators 'are clearly saying that money is now easy and that the economy is not in trouble', noting that when stocks go up, the value of money goes down, credit spreads are narrow, and real yields are low, that 'reflects money being easy'. Ray Dalio listed the following market indicators that the US central bank and elected officials can keep in mind: Over the last year, the US stock market was up 14 per cent, is now at its all-time highs, and by most measures is expensive. Over the last year, the dollar was down 5 per cent against a basket of other major currencies, down 27 per cent against gold, and down 45 per cent against Bitcoin. Credit spreads are trading near historically tight levels. For example, BAA-rated corporate spreads are now trading around 1 per cent above Treasuries. Real interest rates are relatively moderate and normal at a bit over 2 per cent at the 10-year level. On the economic indicators, Ray Dalio stated that 'they show that the economy as a whole is in relatively good balance with a slight slowing'. Listing the following to take note of: The unemployment rate is at a relatively low 4.1 per cent and slowly trending higher. Tech, especially investments and revenues in artificial intelligence (AI), is booming while sentiment and real estate are weak. The global economy is relatively weak. 'That is how things currently look. Regarding the future, there are great uncertainties and risks related to the debt and trade issues, politics, and geopolitics that all have an inflationary bias, while at the same time there are great technological advances that are deflationary and will tend to increase wealth gaps,' he added. While not explicitly taking a side, Ray Dalio did indicate he leaned more toward Jerome Powell's line of thinking, noting: 'it is not easy, but important to defend the value of money'. He added, 'Defending monetary discipline, like defending fiscal discipline, isn't a popular thing to do because it is de facto telling people that they need to have financial discipline. Yet getting the balance right is critical because one man's debts are another man's assets, and to be successful, money has to be a good storehold of wealth (as well as an effective medium of exchange).' Ray Dalio however opined that 'judging from the lessons of history and current readings', it seemed 'clear' that the value of money won't be defended. He added, 'The value of money won't be defended until the classic weak money / inflation problems become intense — and perhaps not even then — because the pains those problems produce are intense.' 'Look at the 1970-82 cycle for a classic example. While maybe that tightening will happen sometime in the distant future, it's virtually certain that it won't come soon. So, it seems to me that one should keep betting on weak money (i.e., the dollar going down, and low and falling real interest rates),' he ended.
