Ray Dalio announced Tuesday he’s ceding control of Bridgewater Associates, 47 years after he founded the hedge fund that’s become the world’s largest.
In a series of Tweets, Dalio said it’s a “very special day” for him and the Westport, Connecticut-based hedge fund.
“I transitioned my control of Bridgewater to the next generation and I feel great about the people and ‘machine’ now in control,” said Dalio, 73. “This transition moment is the culmination of a 47-year journey.
