Ray Dalio Completes Exit From Bridgewater, Calls Transition ’Dream Come True’

Ray Dalio has severed his final ties to Bridgewater Associates, selling his remaining stake and stepping down from the board of the hedge fund he founded in 1975. The $92.1 billion firm now passes fully to a new generation of leadership, including employee partners and Brunei's sovereign wealth fund as minority investor.

"This marks the culmination of a carefully planned succession," said Bridgewater CEO Nir Bar Dea in a client memo. Dalio, who began transitioning power in 2017, retains an advisory role but no longer holds equity in the world's largest hedge fund. Co-CIO Bob Prince now emerges as the largest individual stakeholder.

The departure underscores a broader generational shift in institutional finance, where crypto-native firms increasingly compete with traditional asset managers. While Bridgewater hasn't publicly embraced digital assets, Dalio's exit may create openings for alternative investment strategies.