Bridgewater founder Dalio resigns and transfers all voting rights to the board

According to Chain Catcher news and Bloomberg reports, Ray Dalio, the founder of Bridgewater, transferred all voting rights to the board on September 30 and resigned from his position as one of the three co-chief investment officers of Bridgewater. Bridgewater co-CEO Nir Bar Dea stated that one of the reasons Dalio relinquished his title and voting rights was to establish the succession at Bridgewater, and Dalio no longer has the final say, which is a significant change.

It is reported that Bridgewater currently manages assets of up to $150 billion, making it the largest hedge fund company in the world. (Source link)