Ray Dalio's Bridgewater plans to become partnership: NYT
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/10/2026
- Wall Street posts weekly gains with earnings, inflation data on tap
- Oil prices settle higher as more production shut ahead of hurricane
- Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports
- UBS flags level in gold prices where dip buyers will likely emerge
- Telecom stocks tumble on SpaceX spectrum acquisition news
Tweet
Share
E-mail
FILE PHOTO: Ray Dalio, founder, co-chief investment officer and co-chairman of Bridgewater Associates, speaks at the 2017 Forbes Under 30 Summit in Boston, Massachusetts, U.S. October 2, 2017. REUTERS/Brian Snyder
(Reuters) - Bridgewater Associates, the hedge fund controlled by billionaire investor Ray Dalio, plans to become a partnership in the coming months, giving its top executives more say in running the fund, the New York Times reported on Thursday.
The world's largest hedge fund, which manages about $160 billion, announced the new partnership model to employees and clients on Thursday, the NYT reported.
Dalio stepped down from the hedge fund's day-to-day operations nearly a year ago.
Bridgewater was not immediately available for comment.
(Reporting by Parikshit Mishra in Bengaluru; Editing by Anil D'Silva)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ethiopian forces regain control of border city after reported Eritrean incursion
- Taiwan won't give up freedom, Lai says; Beijing slams 'ulterior motives'
- Russian attack on Ukrainian city kills 12, a day after Trump eases diesel sanctions on Moscow
Create E-mail Alert Related Categories
ReutersRelated Entities
Hedge Funds, Bridgewater AssociatesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
