Why is Ray Dalio “Thruldede about” the sale of your last shares | Businessman

Ray Dalio, a 75 -year -old billionaire founder Associates Bridgewater Associates, officially withdraws from the company for the securing fund, founded in 1975.

^{Picture Credit: Roy Rochlin / Strunger | Getty pictures. Ray Dalio.}

In the letter he feels customers last week revealed that Dalio sold his remaining shares in Bridgewater, The Wall Street Journal Reported. He also gave up space on the album, but intends to remain a “customer and mentor”, he said in the note.

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Dalio launched Bridgewater five decades ago from his apartment with two bedrooms in New York. During his time, he worked as CEO, CIO and Chairman, and in 2019 Bridgewater grew to one of the large Hedge funds in the world with management of $ 168 billion.

At the end of last year, these assets dropped to $ 92.1 billion after its flagship Pure Alpha Fund ended twice in an effort to increase performance, several families with this matter said WSJ.

According to Bloomberg Millionaire Index Dalio has a net wealth of $ 16 billion.

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The Nir Bar Dea serves as the current CEO of Bridgetwater. Bob Prince, Greg Jensen and Karen Karniol-Tambur act as a k-Cios company.

Dalio shared his view of his departure in the post LinkedIn published on July 31.

“I asked a lot how I feel about going along Bridgewater after I started and built it over the last 50 years,” Dalio wrote. “Above all, I’m about it because I’m glad because I like to see bridgewater alive and well without a me-dokonce better than alive and well with me.