Ray Dalio, the founder of Bridgewater Associates LP, has recently made a significant move by selling off his remaining shares in the hedge fund and stepping aside from its board. This marks the completion of a management transition that began in 2022 and signifies Dalio’s continued involvement with the firm as a significant investor and mentor.
Over the years, Dalio has been gradually selling off his equity in Bridgewater. To facilitate the final transition of his ownership, the firm raised capital from existing investors and employees. Co-CIOs Bob Prince and Greg Jensen are now among the significant equity holders within the company.
In a letter to clients dated July 21, Bridgewater CEO Nir Bar Dea and Co-Chair Mike McGavick extended their congratulations to Dalio on the successful completion of the transition. They emphasized Dalio’s ongoing role as the founder and mentor within the organization, highlighting his continued investment in Bridgewater’s strategies.
The Wall Street Journal initially reported on Dalio’s stake sale, and the founder himself seemingly confirmed the transition in a post on LinkedIn. Dalio, who founded Bridgewater in 1975, has historically focused on macro strategies, particularly in trading currency and fixed income markets based on economic trends. He stepped down as the CEO of Bridgewater in 2017 and as chairman at the end of 2021.
Despite these changes, Bridgewater has continued to perform well in the market. The firm saw solid gains in the first half of 2025, with its Pure Alpha fund experiencing a 17% increase and its All Weather fund rising by 8%.
Overall, Dalio’s decision to divest his remaining shares and transition away from the board reflects a new chapter for Bridgewater Associates. As the firm continues to thrive under new leadership, Dalio’s legacy as the founder and visionary behind one of the largest hedge funds in the world remains intact.
