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Ray Dalio hands over control of Bridgewater as succession completes
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Ray Dalio has given up control of hedge-fund giant Bridgewater Associates, according to Bloomberg News, which cited the 73-year-old.
Dalio said it was the "natural progression," and that he will keep his seat on the firm's board. The report said he transferred all his voting rights on 30 September and stepped down as one of three co-chief investment officers.
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