“We wished to replace you that Bridgewater lately repurchased the final remaining possession shares held by Dalio-related entities,” Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick stated in a July 21 letter to shoppers seen by Reuters.
The transaction marks years-long transition on the world’s largest hedge fund, with $92.1 billion in belongings beneath administration. Dalio, 76, resigned from his CEO place in 2017 and handed over management of Bridgewater to a brand new era of traders in 2022.
Dalio stated in a social media put up on Thursday that he was thrilled to be passing alongside Bridgewater to the following era.
“Above all else, I’m thrilled about it as a result of I like seeing Bridgewater alive and nicely with out me-even higher than alive and nicely with me,” he stated.
The supply, who spoke on situation of anonymity as a result of the knowledge was not public, stated Dalio will step down as a board member as nicely. After Dalio bought his stake to Bridgewater, the Brunei Funding Company redeemed cash invested within the agency’s funds and purchased a minority stake within the hedge fund supervisor, the supply added. Brunei’s sovereign fund didn’t instantly reply to a request for feedback on the transaction.
Co-Chief Funding Officer Bob Prince is now Bridgewater’s greatest particular person associate, whereas the agency is managed by a bunch of staff, the supply stated.
The Wall Road Journal first reported Dalio’s sale of his stake in Bridgewater and the Brunei sovereign fund’s funding earlier on Thursday.
Bridgewater Associates’ important funds ended the primary half of 2025 with beneficial properties, with the flagship Pure Alpha 18% volatility posting a 17% return within the first half of 2025.
