1. Ray Dalio Relinquishes Control of Bridgewater and Steps Down as Co-CIO in Succession Endgame

    Ray Dalio Relinquishes Control of Bridgewater and Steps Down as Co-CIO in Succession Endgame
    • Billionaire Ray Dalio relinquished his Bridgewater voting rights on September 30 and stepped down as one of three co-CIOs.
    • He will retain a minority stake, keep a seat on the board, and take on the title of founder and CIO mentor.
    • Dalio founded Bridgewater — now the world's largest hedge fund — in 1975 and began transition plans as far back as 2010...
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