Ray Dalio, the founding father of Bridgewater Associates, has divested his remaining stake within the firm and stepped down from its board.
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Brunei Fund Emerges As Key Shareholder
Bridgewater Associates repurchased the remaining shares held by Ray Dalio, signaling the tip of a tough transition interval. Following that, the agency issued new shares to the Brunei Funding Company—Brunei’s sovereign wealth fund—in a multibillion-dollar deal, granting the company practically a 20% possession stake within the Connecticut-based agency, reported The Wall Avenue Journal.
These transactions weren’t beforehand reported, and Bridgewater’s communication to its purchasers didn’t disclose the involvement of the Brunei Funding Company. The Brunei fund, a long-term investor in Bridgewater, has now emerged as one of many agency’s largest homeowners.
With Dalio’s Ultimate Exit, Bridgewater Eyes Clearer Governance
Dalio, 75, expressed his anticipation for Bridgewater’s future success “as a consumer and mentor.” Regardless of stepping down from its possession and board, Dalio stays invested in Bridgewater funds. Insiders on the agency consider that Dalio’s departure will streamline its governance.
“Above all else, I’m thrilled about it as a result of I like seeing Bridgewater alive and properly with out me—even higher than alive and properly with me,” acknowledged Dalio in a LinkedIn submit on Thursday.
Bridgewater CEO Nir Bar Dea and board co-chair Mike McGavick described Dalio’s last share sale as “a super end result” of the agency’s possession transition. Additionally they confirmed that Dalio, together with the board and workers, will rejoice Bridgewater’s fiftieth anniversary collectively in each Connecticut and New York.
“Ray has at all times described the transition as a ‘dream come true’ and we’re excited to have made it a actuality collectively,” talked about Dea and McGavick in a July 21 letter to purchasers, as per CNBC.
Dalio’s Dire Warnings On Trillion-Greenback U.S. Debt Spiral
Dalio’s departure from Bridgewater Associates comes after he raised issues in regards to the mounting U.S. debt disaster, which he estimated to be a staggering $37 trillion. Dalio warned that the U.S. debt disaster might result in a spiral of accelerating debt, probably prompting actions akin to rate of interest hikes or forex devaluation, which might severely affect the economic system.
In July 2025, Dalio additional warned that the brand new funds, with annual spending of $7 trillion in opposition to $5 trillion in income, will balloon the nationwide debt to a staggering $425,000 per American household over the subsequent decade.
Bridgewater’s belongings beneath administration declined from $168 billion in 2019 to $92.1 billion by the tip of 2024, in keeping with regulatory filings. The drop is partly attributed to the agency capping the dimensions of its flagship Pure Alpha fund in 2023 and 2024 to boost efficiency. Pure Alpha follows a scientific, macro-focused funding technique.
Bridgewater’s belongings beneath administration declined from $168 billion in 2019 to $92.1 billion by the tip of 2024, in keeping with regulatory filings. The drop is partly attributed to the agency capping the dimensions of its flagship Pure Alpha fund in 2023 and 2024 to boost efficiency. Pure Alpha follows a scientific, macro-focused funding technique, in keeping with WSJ.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
