On Sept. 30, he transferred all of his voting rights to the board of directors and stepped down as one of Bridgewater’s three co-chief investment officers. It’s also a milestone. While some of his peers converted the firms they founded into family offices or closed shop, Dalio was determined to create something that outlasted him.
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Ray Dalio gives up control of Bridgewater in final succession step
“Ray no longer has the final word,” co-Chief Executive Officer Nir Bar Dea said in an interview. “That’s a big change.”
