01-08-2025
Brunei Tweaks Bridgewater Bet to a Lucrative 20% Stake in Firm
Brunei 's sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the hedge fund manager's holding company — a move that has helped spur higher gains for other institutional investors.
The Brunei Investment Agency is the latest longstanding client to buy a piece of the firm founded by Ray Dalio, which managed $92 billion as of Dec. 31.
