Ray Dalio steps down as Bridgewater’s co-CIO

Hedge fund billionaire sells his majority stake but remains a ‘meaningful’ owner

Bridgewater Associates said on Tuesday billionaire founder Ray Dalio had stepped down from his role as one of the hedge fund’s co-chief investment officers.

Dalio - who built Bridgewater into the world’s biggest hedge fund with $150 billion of assets under management - has sold off his majority stake but remains a “meaningful” owner, the company said. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jason Kenney on list of past Alberta premiers to resign amid party strifeEDMONTON — Alberta Premier Jason Kenney announced in May that he would be stepping down as United Conservative Party leader after receiving 51.4 per cent…
Read more »

Jason Kenney on list of past Alberta premiers to resign amid party strifeEDMONTON — Alberta Premier Jason Kenney announced in May that he would be stepping down as United Conservative Party leader after receiving 51.4 per cent…
Read more »

The gig is up: Alberta Premier Jason Kenney set to step down from top job\u0027I was never intending to be in this gig for a long time,\u0027 Kenney told an audience earlier this month
Read more »

The gig is up: Alberta Premier Jason Kenney set to step down from top job\u0027I was never intending to be in this gig for a long time,\u0027 Kenney told an audience earlier this month
Read more »

The gig is up: Alberta Premier Jason Kenney set to step down from top jobDon’t cry for me, Alberta, I was leaving anyway. It’s Premier Jason Kenney’s swan song message as he prepares to depart the province’s top job, forced out by the very United Conservative Party he willed into existence.
Read more »

The gig is up: Alberta Premier Jason Kenney set to step down from top jobDon’t cry for me, Alberta, I was leaving anyway.
Read more »