Bridgewater Associates, World’s Biggest Hedge Fund, Shakes Up Leadership
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Ray Dalio, the founder of Bridgewater Associates, at the World Economic Forum, in Davos, Switzerland, in January. He will remain co-chairman and co-chief investment officer at Bridgewater but give up his co-chief executive post. CreditRuben Sprich/Reuters
Ray Dalio, the 67-year-old billionaire founder of Bridgewater Associates, is stepping down from the helm of the world’s biggest hedge fund in a management shake-up at the firm.
He will step down as co-chief executive, but will remain co-chairman and co-chief investment officer, he wrote in a letter on LinkedIn.
Mr. Dalio also said that Jon Rubinstein, the former Apple executive that Mr. Dalio hired less than a year ago to become co-chief executive, would leave the firm…
Bridgewater Associates, World’s Biggest Hedge Fund, Shakes Up Leadership
