Ray Dalio, founder of Bridgewater Associates LP, downplays the impact of Federal Reserve’s interest rate cut at a regional forum. Meanwhile, he sells remaining shares in Bridgewater, completing a transition started in 2022. Co-CIOs Bob Prince and Greg Jensen become significant equity holders, as Dalio remains a mentor and investor in the firm’s strategies.

Bridgewater raises capital from existing investors and employees to facilitate Ray Dalio’s equity sale. Dalio, who founded the hedge fund in 1975, stepped down as CEO in 2017 and chairman in 2021. Despite the transition, Bridgewater enjoys solid gains in 2025, with Pure Alpha fund up 17% and All Weather fund rising 8%.

Dalio’s stake sale is confirmed by a LinkedIn post. Bridgewater’s CEO and Co-Chair commend Dalio’s leadership and describe the transition as a “dream come true.” Dalio’s focus on macro strategies like trading currency and fixed income markets based on economic trends has been key to Bridgewater’s success over the years.

Read more at CNBC: Ray Dalio sells his last remaining stake in Bridgewater, steps away from hedge fund’s board