达利欧彻底退出桥水基金

Core Insights - Billionaire Ray Dalio has completely exited his remaining shares in Bridgewater Associates, marking the end of a complex leadership transition and ownership structure for the hedge fund he founded [3][4] - Bridgewater repurchased Dalio's remaining shares and subsequently issued new shares to the Brunei Investment Agency, which acquired nearly 20% of the firm in a multi-billion dollar transaction [3][7] - The transition is expected to simplify Bridgewater's governance structure and allow the firm to refocus on investment performance, as its assets under management have significantly decreased from $168 billion at the end of 2019 to an estimated $92.1 billion by the end of 2024 [3][5] Leadership Transition - The leadership transition process initiated by Dalio in 2011 has been described as lengthy and challenging, culminating in his complete exit from ownership and board roles [4][5] - Despite stepping down from various leadership positions, Dalio remained actively involved in company affairs until his full exit, which is anticipated to remove governance obstacles [5] Shareholder Changes - The Brunei Investment Agency, a long-term investor in Bridgewater, has now become one of the largest shareholders following the conversion of its investment in Bridgewater products into equity [8][9] - Although the Brunei fund holds a significant stake, Bridgewater's co-CIO Bob Prince still retains a larger ownership percentage [9]