Ray Dalio sells his last remaining stake in Bridgewater, steps away from hedge fund’s board

Ray Dalio, the renowned founder of Bridgewater Associates LP, has made a significant move by selling off his remaining shares in the hedge fund and stepping down from its board. This decision marks the completion of a management transition that began in 2022, with Dalio intending to continue as a significant investor in Bridgewater’s strategies and serve as a mentor.

Over the years, Dalio has gradually divested his equity in Bridgewater, culminating in the final sale of his shares. To facilitate this transition of ownership, Bridgewater raised capital from existing investors and employees. Notably, Co-Chief Investment Officers Bob Prince and Greg Jensen are now significant equity holders within the firm.

In a letter to clients dated July 21, Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick expressed their congratulations to Dalio on the successful completion of the transition. They highlighted Dalio’s enduring role as the founder and mentor of the firm, emphasizing his ongoing investment in Bridgewater’s strategies. The Wall Street Journal initially reported on Dalio’s stake sale, which the founder seemingly confirmed in a recent LinkedIn post.

Having founded Bridgewater in 1975, Dalio has been a pioneer in macro strategies, focusing on trading currency and fixed income markets based on economic trends. He relinquished his roles as CEO in 2017 and chairman at the end of 2021, paving the way for a new era at the firm. Reflecting on this transition, Dalio expressed his excitement about seeing Bridgewater thrive independently of his direct involvement.

Despite the changes in leadership, Bridgewater has continued to deliver strong performance, with its Pure Alpha fund achieving a 17% gain and its All Weather fund rising by 8% in the first half of 2025. This success underscores the resilience and adaptability of the firm under new leadership.

In conclusion, Ray Dalio’s decision to divest his remaining shares in Bridgewater signifies a significant milestone in the firm’s evolution. As he transitions into a new role as an investor and mentor, Bridgewater remains well-positioned to navigate the ever-changing landscape of the financial markets and uphold its legacy of innovation and success.