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yesterday

Ray Dalio Completes Bridgewater Exit With Final Share Sale

The Brunei Investment Agency now holds close to a 20 percent stake following Bridgewater’s repurchase of Dalio’s shares that completed his phased exit.

Ray Dalio, the founder of Bridgewater Associates, addresses the panel session at the Business and Philanthropy Forum, during the United Nations Climate Change COP28 conference in Dubai, United Arab Emirates, December 2, 2023. REUTERS/Thomas Mukoya/File Photo
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Overview

  • On August 1, Ray Dalio sold his final equity stake in Bridgewater and stepped down from its board, concluding a leadership transition launched over a decade ago.
  • Bridgewater repurchased Dalio’s shares and issued new equity to the Brunei Investment Agency, giving the sovereign wealth fund nearly 20 percent ownership.
  • The firm raised additional capital from existing investors and employees to complete the ownership restructuring.
  • Under CEO Nir Bar Dea, Bridgewater has scaled back aspects of its radical transparency culture and capped the size of its flagship Pure Alpha fund.
  • Bridgewater’s Pure Alpha climbed 11.3 percent in 2024 and 17 percent in the first half of 2025 as Dalio shifts to a mentor role while remaining a significant investor.