Investor Ray Dalio offered his remaining stake in Bridgewater Associates, the hedge fund he based 50 years in the past, in accordance with a letter despatched to the fund’s buyers and seen by Reuters.
“We needed to replace you that Bridgewater lately repurchased the final remaining possession shares held by Dalio-related entities,” Bridgewater’s Chief Govt Officer Nir Bar Dea stated within the letter.
The Wall Avenue Journal first reported Dalio’s sale of his stake in Bridgewater.
Dalio had handed over management of Bridgewater to a brand new technology of buyers in 2022.
He didn’t instantly reply to a Reuters request for remark concerning the sale.
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