Bridgewater's Dalio "officially retires": liquidates last shares and resigns from board position.

Bridgewater Fund founder Ray Dalio sold his last shares and resigned as a director, and Bridgewater Fund officially entered the "post-Dalio era", and the leadership structure and equity map were renovated simultaneously. (Synopsis: Bridgewater Fund Dalio: The US debt crisis is about to break out, and you should take 15% of assets to buy "gold and bitcoin") (Background supplement: Bridgewater Dalio: The United States is on the eve of the outbreak of civil war! Swastika analysis of the collapse of order behind the Los Angeles riots Bridgewater Fund Bridgewater founder Dalio sold his last shares and resigned from the board on July 31, ending a half-century of "Dalio era" in hedge funds. The asset management company with approximately $92 billion under management has officially launched a new phase without a founder. Dalio's comprehensive exit speech According to Bloomberg on July 31, Dalio started with $20,000 in 1975, bringing Bridgewater to the throne of the world's largest hedge fund. He relinquished his CEO role in 2017, handed over day-to-day management in 2022, resigned as co-CEO in April 2025, and completed the liquidation at the end of July. Dalio's retirement speech emphasized: "I see Bridgewater thrive without my participation, even better than when I was there." Show his confidence in the future operation of the company. Dalio's retirement speech shared on X translates as follows: Over the years, many people have asked me what it's like to put Bridgewater out now, after the last 50 years of founding and building Bridgewater. My answer is: I couldn't be more excited! It was an amazing and wonderful journey, and I remember almost every moment. From the time I started Bridgewater Fund in a two-room apartment with a friend who played rugby, to building it into one of the largest hedge funds in the world, to about 1,500 people, and generating more profits for our clients than any other hedge fund, until now, on July 1, 2025, I have completed the final step of handing over this company to the next generation of talented people I truly believe can make the company successful for the next 50 years. It's been a journey! Incomparable joy! What excites me the most is seeing Bridgewater thrive without my involvement, even better than it would have been. Because I regard this as the "most perfect state" in the cycle of life. From the perspective of me, a 76-year-old who loves Bridgewater and the people I've worked with for decades, it's like seeing my kids still strong and healthy when I'm not around, which is much better than a 76-year-old parent having to take care of the kids. What I'm seeing now is a 50-year-old Bridgewater, founded and led by me at the time of 26, and now run by someone between 25 and 50 years younger than me, and the people I built with are still at the core of the leadership. Bob Prince, Greg Jensen, Karen Karniol-Tambour and Nir Bar Dea, in particular, are on an equally beautiful trajectory in their own life cycles. I see these energetic people continuing to modernize the way Bridgewater operates, while still applying the same efficient principles of building Bridgewater, but also incorporating new traditions created by a new generation. And there's another reason I love it: I'm now free to do things that excite me and make sense of it. I especially love passing on what I find valuable to others, especially the principles that have helped me succeed. I still love investing in the game, I enjoy spending more time with my family and friends, and I'm passionate about exploring the ocean and letting more people know about the world through the media, just like Jacques Cousteau did back then (we're currently airing OceanXplorers on Disney+, you can check it out). Because passing on the principles that helped me is one of the most important goals at this stage of my life, I'd like to share a few principles that I believe have driven Bridgewater's 50-year success – and tell you where to go and learn more, if you're interested. I think the most critical working principles that drive Bridgewater's success are: The "people" and "culture" you choose are everything. It is necessary to select people with high character and outstanding abilities, and to create a "ideas first" culture in which the pursuit of meaningful work and meaningful relationships is at the core, and this must be achieved through "extreme honesty" and "extreme transparency". Building a culture where making mistakes is acceptable, but not learning from them is absolutely not allowed. Pain + reflection = growth. If you want to know all the principles of my work, it is included in my book "Principles: Life and Work". Key investment principles behind Bridgewater's investment success: Reality is like a machine, you have to understand how this machine works and have a good set of proven principles to deal with it. Understanding "cause and effect" because "cause" precedes "effect" can help you predict what will happen in the future. Define your decision-making criteria, backtest them, systematize them, and execute them on a computer so that you are acting on a deliberate, proven set of strategies. Be clear: you don't know much more than you know. Learn how to "spread risk" because it reduces risk to 20% without reducing expected returns. Finding "smart people who disagree with you" and having them challenge your thinking with rational disagreement will greatly improve your chances of making the right decision and will teach you a lot. Make sure your decisions "don't result in unacceptable losses." If you want to learn more about my investment and economic principles, these will be published in my next book, which is currently included in the Dalio Online Course on Market Principles hosted by the Wealth Management Institute of Singapore. And if you want to know my latest views on these principles, you can also get them here. (End of testimonials) New shareholders enter the market, take power and restructure Bridgewater's famous culture of "radical transparency" and "dictatorship of ideas" requires that any investment hypothesis be subject to rigorous debate and data verification. Before Dario left, he gradually promoted depersonalized leadership, allowing decision-making power to be shared between co-CEOs Nir Bar Dea and David McCormick and co-investment officers Bob Prince and Greg Jensen, with the goal of avoiding the impact of a single leader failure. Today, Bob Prince is the largest personal partner, ensuring the continuation of the investment philosophy, while the Bridgewater Senior Fellowship Program works with outside experts to bring more perspective to the strategy. At the same time that Dalio cleared his shareholding, the Brunei Investment Bureau became a strategic shareholder, taking nearly 20% of the equity, becoming one of the main institutional shareholders of Bridgewater Fund. The addition of international sovereign funds has brought more funds and geopolitical networks to Bridgewater, which also means that the equity is more dispersed. Related reports Bridgewater Dario New Article: See through the five indicators of the current economy, the art of trading and the power behind USDe: the solution to the stablecoin trilemma? ...