Katherine Burton

Ray Dalio, founder of Bridgewater Associates, at the COP28 conference in Dubai. He has moved to a mentor role at Bridgewater, with no say over the Pure Alpha portfolio, which has been underperforming its peers.

Turnaround by Bridgewater CEO hinges on wooing restless clients

WHEN Ray Dalio finally gave up the reins of Bridgewater Associates 18 months ago, he ceded control of the world’s biggest hedge fund to a younger generation. He also left behind a firm confronting res...

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