Latest news with #Dalio
Economic Times
an hour ago
- Business
- 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
2 hours ago
- Business
- 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.
New York Post
9 hours ago
- Business
- New York Post
Billionaire Ray Dalio sells remaining stake in Bridgewater — firm he founded 50 years ago
Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to the fund's investors and seen by Reuters. 'We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities,' Bridgewater's Chief Executive Officer Nir Bar Dea said in the letter. The Wall Street Journal first reported Dalio's sale of his stake in Bridgewater. Ray Dalio founded Bridgewater 50 years ago. REUTERS Dalio had handed over control of Bridgewater to a new generation of investors in 2022. He did not immediately respond to a Reuters request for comment about the sale.
Yahoo
13 hours ago
- Business
- Yahoo
Ray Dalio warns investors to allocate 15% of their portfolio to gold and crypto because of skyrocketing U.S. government debt
Ray Dalio wants investors to reassess their portfolio and consider allocating 15% of their investments to Bitcoin and gold as the federal government continues to increase its debt. Dalio warned that the 'economic heart attack' likely to be caused by the rising debt hasn't been priced into currency and bond markets. Famed hedge fund manager Ray Dalio wants investors to look beyond the traditional 60/40 portfolio made up of 60% stocks and 40% bonds. Instead, the billionaire founder of Bridgwater Associates is urging investors to allocate 15% of their portfolio to gold and crypto. While he didn't reveal how he allocates his own portfolio, this percentage represented 'the best return-to-risk ratio,' he said on The Master Investor Podcast with Wilfred Frost. Dalio noted he owns both gold and crypto, but with a caveat, he owns some Bitcoin but not much. 'I'm strongly preferring gold to Bitcoin, but that's up to you,' he said. The larger issue is the devaluation of money, and gold has provided a hedge against this issue throughout history. Bitcoin, in recent years, has also played a similar role as a store of value, and 'it's being perceived by many as an alternative money,' he added. Still, Dalio said he also doesn't want investors to overload on gold, instead saying, 'I want them to diversify well.' Dalio declined to Fortune comment through a spokesperson. Both Bitcoin and gold have been on a tear in 2025, with both assets up about 25% year-to-date. Due to further adoption by companies and nations, John Haar, the managing director of Bitcoin-focused financial services company Swan Bitcoin, sees the price of the cryptocurrency rising above $200,000 per coin by the end of 2025. On stocks, Dalio said the recent hype over AI has made Magnificent Seven stocks like Alphabet, Amazon, and Meta relatively expensive, despite the grand promises of the technology. 'The Magnificent 7 have become rather expensive relative to what even optimists would say are the present value of the future cash flows,' he said. Dalio has warned previously about buying into overvalued stocks even when a company looks great. 'A great company that gets expensive is much worse than a bad company that's really cheap, so you have to look at pricing' he told entrepreneur David Freidberg on the All-In Podcast earlier this year. The state of the U.S. economy and the ballooning federal debt have been favorite topics of Dalio's for years. He previously compared escalating debt payments to 'plaque in the arteries,' and said on the podcast with Frost that the 'economic heart attack' which could come about because of increasing debt has not been priced into either the bond or currency markets. Dalio's warning about bonds goes hand-in-hand with his skepticism about how the government is handling its debt, said Stephan Shipe, a finance professor at Wake Forest University and founder of financial advisory firm Scholar Financial Advising. 'If there's a lack of faith in the government's ability to manage the deficit and repay debt, you're likely to see interest rates rise to compensate for that higher risk. That pushes down the value of existing bonds, which makes them less of a safe haven than they've been in the past,' Shipe said. The trend of escalating interest payments on the federal debt continues; the interest payments could cost the government $13.8 trillion over the next 10 years, according to the Congressional Budget Office. This story was originally featured on
Business Insider
3 days ago
- Business
- Business Insider
Here's how much crypto or gold investing legend Ray Dalio says you should have in your portfolio
Hedge fund icon Ray Dalio hasn't been feeling particularly upbeat about the prospects for America's fiscal situation. The founder of Bridgewater Associates, Dalio has lately been sounding the alarm on a brewing US debt crisis he believes is quickly approaching. On an episode of the Master Investor podcast over the weekend, he discussed the current economy with host Wilfred Frost, stating that he thinks investors should allocate roughly 15% of their portfolio for either bitcoin or gold due to the currency debasement he sees unfolding as the US dollar is debased by rapid borrowing and deficit spending. "If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or bitcoin," he said. Dalio added that while he strongly prefers gold over bitcoin, he believes the real economic issue facing markets and investors is the devaluation of fiat money, a phenomenon which occurs in times of both economic excess and geopolitical tension, both of which apply to America's current situation. Citing previous historic examples, such as the market spasms of the 1970s, Dalio stressed the importance of holding an effective diversifier in your portfolio and holding 15% as a hedge against. However, he also made it clear that he doesn't think investors should "go overweight" in allocating more than 15% to these assets, stating that diversification was more important than trying to play the market. Other financial experts, such as Ric Edelman, have said that it may make sense for investors to have as much as 40% of their portfolios allocated for crypto. But for someone like Dalio, a more measured approach is on brand. "15% of a portfolio is a rather small share — after all, the remaining 85% can be invested however you like," said Arthur Azizov, founder of B2 Ventures. "[Dalio] is simply encouraging people to have a solid foundation, so that in the event of unexpected circumstances, they have a more likely chance of making a profit."
