Ray Dalio Cedes Control of Bridgewater Associates: Steps Down as Co-Chief Investment Officer and Transfers Voting Rights to Board of Directors | Exclusive Report by Bloomberg's Erik Schatzker 00:10:00

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Ray Dalio founded Bridgewater in 1975 from his two-bedroom apartment and grew it over 47 years into the global institution it is today. Over those years, Ray has been Bridgewater’s CEO, CIO, and Chairman, shaping the firm’s innovative approaches to investing and its unique culture. He stepped down from being CEO in 2017, as Chairman at the end of 2021, and in the summer of 2020 he transitioned his CIO role to focus on mentoring the Investment Committee (led by Bob Prince, Greg Jensen, and several other key investors and asset class leads) which is responsible for the oversight and evolution of Bridgewater’s investment strategies. With the completion of the transition, in September of 2022, he now serves Bridgewater as a mentor to the CIOs and Investment Committee, a member of the Operating Board, and as a senior investor, which he plans to do for the rest of his life.

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