Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei's sovereign fund acquired a minority stake in the firm,

One of the most influential figures in modern finance is officially stepping away from the firm he founded and built over a 50 year period, with new leaders set to guide the way forward.

Bridgewater completed the final transition of Dalio's equity shares, wrapping up his management transition started in 2022.