达利欧彻底退出桥水基金，文莱主权基金成新晋大股东

Core Points - Billionaire Ray Dalio has completely exited his remaining shares in Bridgewater, marking the end of a complex leadership transition and the ownership structure of the hedge fund he founded [1][2] - Bridgewater repurchased Dalio's remaining shares and issued new stock to the Brunei Investment Agency, which acquired nearly 20% of the company, making it one of the largest shareholders [1][4] - The transition is seen as a simplification of Bridgewater's governance structure, allowing the firm to refocus on investment performance after a significant decline in assets under management [1][3] Company Transition - Dalio's exit concludes a succession plan initiated in 2011, which was described as a lengthy and challenging process [2] - The company experimented with various CEO combinations during this period, with some executives leaving under contentious circumstances [3] - Dalio's complete withdrawal from ownership and the board is expected to eliminate governance obstacles, as he had previously remained actively involved in company affairs [3] Shareholder Changes - The transaction involving the Brunei Investment Agency represents a shift from investment in Bridgewater's products to direct equity investment in the company [4] - Despite the significant stake acquired by the Brunei fund, Bridgewater's co-CIO Bob Prince retains a larger ownership percentage [4]