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According to the latest news, Ray Dalio, the founder of Bridgewater Associates, has completely withdrawn from this globally renowned Hedging fund. Dalio not only sold all of his remaining shares in the company but also stepped down from his position on the board, marking a complete separation from the company he founded.
A recent letter sent to clients by Bridgewater Associates revealed this significant change. Notably, Dalio's shares were repurchased by Bridgewater itself, which may indicate that the company is undergoing an internal equity restructuring.
Meanwhile, a noteworthy development is the entry of the Brunei Investment Agency. According to insiders, this sovereign wealth fund has acquired approximately 20% of Bridgewater Associates' equity, making it one of the company's major shareholders. Interestingly, the Brunei Investment Agency is not a new face at Bridgewater; it has been a long-term investor in one of Bridgewater's funds and is simply shifting its investment from the fund level to the company equity level.
This series of changes will undoubtedly have a profound impact on the future development of Bridgewater Associates. Dalio's complete exit may signify a potential shift in the company's management style and investment strategy, while the Brunei Investment Agency's substantial stake could bring new capital and strategic resources to Bridgewater. For the global investment community, this transformation of Bridgewater Associates is worth close attention.