Ray Dalio, the billionaire founder of Bridgewater Associates, has officially sold his remaining shares in the hedge fund and stepped down from its board, thereby completing a management transition that began in 2022. According to CNBC, which cited a person familiar with the matter, Bridgewater raised capital from existing investors and employees to facilitate Dalio’s final stake sale. While Dalio no longer holds equity, he will remain a significant investor in the firm’s strategies and continue serving as a mentor.
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Unsurprisingly, Bridgewater’s management team praised Dalio’s contributions in a July 21 letter to clients by calling him a “cherished founder” and highlighting his continued role as a longstanding client. Dalio also confirmed the transition in a LinkedIn post, where he wrote that he is “thrilled” to see Bridgewater thriving without him. Interestingly, Co-CIOs Bob Prince and Greg Jensen now hold significant equity stakes in the company.
The move comes after Dalio gradually stepped back from his leadership roles over the course of several years, which began with him relinquishing his CEO title in 2017, followed by his chairmanship in 2021. It is worth noting that Bridgewater was founded in 1975 and is known for its macro trading strategies that are focused on currencies and fixed income that are tied to global economic trends. In addition, the firm has performed strongly in 2025, with its Pure Alpha fund up by 17% and its All Weather fund rising by 8% in the first half of the year.
