Bridgewater’s Dalio steps back, but his philosophy persists

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Reuters

By David Randall (Reuters) – Ray Dalio is known as much for his unique philosophy as for his investment performance. While his decision to relinquish control of Bridgewater, the world’s largest hedge fund, marks a major transition for the storied firm, his influence will continue. Bridgewater’s Co-CEOs Nir Bar Dea and Mark Bertolini announced on Tuesday that the firm’s transition from being a founder-led boutique to “an enduring institution” was complete, with the transfer of control of Bridgewater from Dalio to the operating board of directors. That followed Dalio’s transition out of manageme…

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