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Co-CEO David McCormick will serve as the sole CEO of Bridgewater following Murray's departure, the firm said in a press release.
Ray Dalio’s top fund is having a rough year — and now one of Asia’s biggest lenders is telling clients to pull their money out
Bridgewater's top fund, Pure Alpha, fell 6% through August 23, while other similar macro funds pared gains.
Ray Dalio’s hedge fund has bet more than $1 billion that global stocks will tumble by March, WSJ says
Bridgewater Associates has reportedly built up a position of put options that will make money if US and European stock indexes fall.
"There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war," the billionaire said on Thursday.
Here’s a running list of the most high-profile American billionaires and multi-millionaires who have asked the government to raise their taxes
The group includes Mark Cuban, George Soros, Ray Dalio, Abigail Disney, members of the Pritzker and Gund families, and a Facebook cofounder.
Ray Dalio warns of a a ‘great sag’ in the global business cycle, and central banks can’t do much to stop it
The hedge fund mogul warned that the global economy is stuck, and further rate cuts from central banks won't provide much stimulus.
Hedge-fund billionaire Ray Dalio took career questions from LinkedIn users. Here are his 8 most valuable insights.
Users asked Dalio about everything from how his principles apply to women, to introducing "radical transparency" in a less accepting workplace.
Dalio cited central bank policies, the wealth gap, the 2020 US elections, and China's economic emergence as key factors in the next downturn.
Billionaire Ray Dalio showed up at Burning Man in a tie-dye fur coat and said it was like Woodstock but with ‘less good music’
The 70-year-old billionaire tweeted a photo of himself at Burning Man sporting the coat and lavish bell-bottoms.
The Pure Alpha fund invests in macroeconomic trends and has reportedly experienced losses this year due to wrong-way bets on global interest rates.