Hedge Funds

Dalio quits co-CEO role at Bridgewater Associates

But founder of one the world's most successful hedge funds says he will stay on as an investor at the firm 'until I die'

Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates
Ray Dalio, chairman and co-chief investment officer of Bridgewater Associates Photo: Getty Images

Ray Dalio, the founder of top performing US hedge fund Bridgewater Associates, is stepping back from day-to-day business management of the firm he founded in 1975.

Writing on LinkedIn, Dalio said that he would cease to be co-CEO of the firm from April and instead would focus on his role as co-chief investment officer of the $160 billion hedge fund firm alongside Bob Prince and Greg Jensen.

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