End of an Era at Bridgewater

In a significant move that marks the end of an era, Ray Dalio, the legendary American hedge fund manager, has sold his final stake in Bridgewater Associates LP and resigned from its board. This decision severs his formal connections to the company he founded, as reported by The Wall Street Journal.

Brunei Investment Agency's Major Stake

Following Dalio's departure, Bridgewater welcomed a new chapter with the Brunei Investment Agency acquiring a nearly 20% stake in the firm through a multibillion-dollar deal. This strategic move was highlighted by sources close to the matter, though it was not explicitly mentioned in Bridgewater's official communication.

A Seamless Transition

Bridgewater described Dalio's exit as the "ideal culmination" of a well-planned transition, signaling confidence in the firm's future direction without its founder at the helm.