Retired Ray Dalio clashes with Bridgewater over comeback
Performance of Bridgewater Associates’ flagship Pure Alpha Fund falls short, raising speculation that the hedge fund’s founder, Ray Dalio, may come out of retirement to regain control, much to the dismay of the new CEO.
Although Dalio retired in 2022, he retained the contractual right to take back control of Bridgewater Associates, the world’s largest hedge fund, if its performance lags.