“We wanted to update you that Bridgewater recently purchased the last remaining ownership shares of Dalio-related entities,” said Nir Bar Dea, CEO of Bridgewater and co-chairman Mike McGavick in a letter of 21 July to customers who were seen by Reuters.
The transaction marks years of transition to the world’s largest hedge fund, with $ 92.1 billion in assets. Dalio, 76, resigned from his CEO position in 2017 and handed over the control of Bridgewater to a new generation of investors in 2022.
Dalio said on Thursday in a social media post that he was very happy to pass Bridgewater to the next generation.
“Above all, I am enthusiastic about it because I like to see Bridgewater alive and good without me better than alive and good with me,” he said.
The source, which spoke on condition of anonymity because the information was not public, said that Dalio will also resign as a board member. After Dalio had sold his interest to Bridgewater, the Brunei Investment Agency has exchanged money in invested in the funds of the company and purchased a minority stake in the hedge fund manager, the source added. The sovereign fund of Brunei did not immediately respond to a request for comments about the transaction.
Co-chief Investment Officer Bob Prince is now the biggest individual partner in Bridgewater, while the company is controlled by a group of employees, the source said.
The Wall Street Journal reported for the first time the sale of Dalio of his interest in the investment of Brunewater and the Brunei Sovereign Fund earlier on Thursday.
The most important funds of Bridgewater Associates ended the first half of 2025 with a win, with the flagship Pure Alpha 18% volatility achieved a return of 17% in the first half of 2025.
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