Ray Dalio sells final Bridgewater stake after predicting debt collapse
While continuing to voice economic warnings, Bridgewater founder Ray Dalio recently increased his recommended allocation to Bitcoin and gold to 15%.
Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago.
Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday.
After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of Brunei in a multibillion-dollar deal that brought it an almost 20% stake in the company.