Latest news with #hedgefund
Yahoo
5 minutes ago
- Business
- Yahoo
Ray Dalio sells remaining stake in Bridgewater, letter says
NEW YORK (Reuters) -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. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
8 minutes ago
- Business
- Reuters
Ray Dalio sells remaining stake in Bridgewater, letter says
NEW YORK, July 31 (Reuters) - 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. 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.
Bloomberg
8 minutes ago
- Business
- Bloomberg
Bridgewater Founder Ray Dalio Sells His Remaining Stake in Firm
Bridgewater Associates founder Ray Dalio sold the remainder of his stake in the hedge fund he founded decades ago and left its board. Bridgewater bought the remaining shares, said a person familiar with the matter who asked not to be identified citing private details. Separately, the Brunei Investment Agency, a sovereign wealth fund, invested in the company, giving it a nearly 20% stake in the firm, the person said.
Wall Street Journal
an hour ago
- Business
- Wall Street Journal
Ray Dalio Sells Last of His Stake in Bridgewater
Ray Dalio sold his last remaining stake in Bridgewater Associates and stepped off its board, capping a tumultuous transition at the hedge-fund firm he founded. Bridgewater bought the remaining shares held by its charismatic billionaire founder, the firm told clients in a letter last week. People familiar with the matter said Bridgewater subsequently issued new shares to the sovereign-wealth fund of Brunei in a multibillion-dollar deal that gave the Southeast Asian fund a nearly 20% stake in the Connecticut firm.
Bloomberg
5 hours ago
- Business
- Bloomberg
Chris Rokos Raises Client Fees at $22B Hedge Fund
Chris Rokos is raising fees for clients at his $22 billion hedge fund. Rokos Capital Management has asked investors to agree to a gradual increase in the fixed management fees to 2.75% over the next three year. The performance fee will also rise to 25% from the current 20% cut of profits over the same period. In today's Wall Street Beat, Bloomberg's Chief Wall Street Correspondent Sridhar Natarajan joined Open Interest to talk about the move and what it signals about the market. (Source: Bloomberg)
