达里欧“清仓”桥水，家办是他的新主场

Core Points - Ray Dalio has officially sold his remaining shares in Bridgewater Associates and stepped down from the board, marking the end of his leadership era at the firm [2][3][12] - The transition of ownership at Bridgewater, which has been in process for over a decade, is now complete, simplifying the company's governance structure and allowing it to refocus on investment performance [3][13] Group 1: Ownership Transition - Dalio's complete exit signifies the conclusion of a 14-year succession plan initiated in 2011, which faced complexities and challenges along the way [8][9] - Bridgewater recently repurchased Dalio's remaining shares and issued new shares to the Brunei Investment Agency, making it a significant shareholder with nearly 20% ownership [14][15] - The firm currently manages assets totaling $92.1 billion, a decline from $168 billion at the end of 2019, partly due to a strategic decision to limit the size of its flagship fund, Pure Alpha [4][6] Group 2: Fund Performance - In 2024, Pure Alpha achieved a return of 11.3%, with further improvement in the first half of 2025, recording a 17% return [7] - The positive performance in the first half of 2025 has contributed to overall gains for the firm's main funds [7] Group 3: Dalio's Future Focus - Following the transfer of control, Dalio is now concentrating on managing his family office, which supports entrepreneurial ventures and philanthropic efforts [18][19] - The family office has expanded its global presence, with new offices in Singapore and Abu Dhabi, focusing on investments and charitable activities [21][20] - Dalio has expressed excitement about the future of Bridgewater without his involvement, indicating confidence in the new leadership [5][26]