Investor Ray Dalio said on Monday he, too, would likely have fired the commissioner of the Bureau of Labor Statistics because he "believes the data is not good", but urged U.S. President Donald Trump to disclose the reasoning behind her removal.

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 Associates founder Ray Dalio sold the remainder of his stake in the hedge fund he founded decades ago and left its board.