Dalio resigns as Bridgewater's Co-Chief Investment Officer, cedes voting rights

Ray Dalio, the billionaire Founder of the world's largest hedge fund Bridgewater Associates, has stepped down as its Co-Chief Investment Officer and transferred his voting rights to the board of directors. "This was the natural progression of events...Didn't want to hold on until I died," Dalio said. He resigned from the CEO role in 2017 and as Chairman in 2021.