Latest news with #PureAlpha
Business Insider
02-08-2025
- Business
- Business Insider
Investing Legend Ray Dalio Sells Remaining Stake in His Hedge Fund
Ray Dalio, the billionaire founder of Bridgewater Associates, has officially sold his remaining shares in the hedge fund and stepped down from its board, thereby completing a management transition that began in 2022. According to CNBC, which cited a person familiar with the matter, Bridgewater raised capital from existing investors and employees to facilitate Dalio's final stake sale. While Dalio no longer holds equity, he will remain a significant investor in the firm's strategies and continue serving as a mentor. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Unsurprisingly, Bridgewater's management team praised Dalio's contributions in a July 21 letter to clients by calling him a 'cherished founder' and highlighting his continued role as a longstanding client. Dalio also confirmed the transition in a LinkedIn post, where he wrote that he is 'thrilled' to see Bridgewater thriving without him. Interestingly, Co-CIOs Bob Prince and Greg Jensen now hold significant equity stakes in the company. The move comes after Dalio gradually stepped back from his leadership roles over the course of several years, which began with him relinquishing his CEO title in 2017, followed by his chairmanship in 2021. It is worth noting that Bridgewater was founded in 1975 and is known for its macro trading strategies that are focused on currencies and fixed income that are tied to global economic trends. In addition, the firm has performed strongly in 2025, with its Pure Alpha fund up by 17% and its All Weather fund rising by 8% in the first half of the year.
Business Times
02-08-2025
- Business
- Business Times
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
[NEW YORK] 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 US$92 billion as at Dec 31. It's unclear which Bridgewater vehicle Brunei pulled money from, although the sovereign wealth fund remains an investor in all of the firm's funds, according to a source familiar with the money manager. Bridgewater's flagship Pure Alpha II, like many macro funds, has improved its performance in the past few years, but over a longer period, returns have been uneven. That means a long-term investment in the firm itself can be more lucrative than betting on its most popular product. Bridgewater has been selling stakes to institutions for more than a decade. The Teacher Retirement System of Texas, the Ontario Municipal Employees Retirement System, Singapore's sovereign wealth fund and the International Monetary Fund have all purchased a piece of the Westport, Connecticut-based firm. The Texas teachers pension fund invested US$250 million in Bridgewater's holding company in 2012 and reported making an annualised return of 8.7 per cent to Mar 31. An investor in Pure Alpha would have gained an annualised 2 per cent from the beginning of 2012 to June 2025. Last year, the fund climbed 11.3 per cent and it's up 17 per cent in the first half of this year. Dalio recently completed his exit from the company, selling the final slug of his remaining shares in the money manager he started 50 years ago, and resigning from the board. BLOOMBERG
CNBC
01-08-2025
- Business
- CNBC
Ray Dalio sells his last remaining stake in Bridgewater, steps away from hedge fund's board
Ray Dalio, founder of one of the biggest hedge funds Bridgewater, has dumped his remaining shares in the firm and stepped aside from its board. Bridgewater completed the final sale of Dalio's equity shares, wrapping up his management transition started in 2022, according to a person familiar with the matter. Dalio will continue to be a significant investor in Bridgewater's strategies and a mentor, the person said. The billionaire has been selling his equity for years. To facilitate the final transition of his ownership, Bridgewater raised capital from existing investors and employees. Co-CIOs Bob Prince and Greg Jensen are two significant equity holders, the person said. "We share our congratulations to Ray – he will always be our cherished founder, is a mentor to many, and remains a longstanding client with significant investments in Bridgewater's strategies," Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick said in a July 21 letter to clients seen by CNBC. "Ray has always described the transition as a 'dream come true' and we're excited to have made it a reality together." The Wall Street Journal first reported Dalio's stake sale. The founder seemingly confirmed the transition in a LinkedIn post. Dalio, who founded Bridgewater in 1975, has focused on macro strategies, such as trading currency and fixed income markets based on economic trends. Dalio stepped down as Bridgewater's chief executive officer in 2017 and chairman at the end of 2021. Bridgewater enjoyed solid gains in the first half of 2025, with its Pure Alpha fund up 17% and its All Weather fund rising 8%, the person said.
Economic Times
01-08-2025
- 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
01-08-2025
- 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.
