Ray Dalio steps down as chief executive of Bridgewater Associates, which, as reported by Bloomberg News, transferred his rights on Sept. 30 to Bridgewater’s board of directors.
He also resigned as co-chief investment officer, leaving co-CIO Bob Prince and Greg Jensen in the lead on the company’s investment decisions.
Dalio founded Bridgewater more than 40 years ago. with money borrowed from his musician father “Today is a very special day for me and Bridgewater Associates because I pass the control of Bridgewater to the next generation.”
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