Why is ‘happy’ when Ray Dalio sells his last shares

The 75 -year -old billionaire founder of the Burj Water Associates, Ray Dalio, is formally removing the hedge fund firm, which he founded in 1975.

^{Image Credit: Roy Rachelon / Stronger | Getty images. Ray Delive.}

A letter sent to customers last week revealed that Delive had sold the rest of his share firm to Bridge Water, Wall Street Journal Notified. He also abandoned his seat on the board, but he said in the note that he intends to be a “client and guardian”.

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Delio started the Bridge Water five decades ago in New York City with his two bedroom apartment. In his tenure, he served as CEO, CIO and Chairman, Burj Water has been increased to one of the world’s largest hedge funds, with assets of $ 168 billion in 2019.

By the end of last year, the assets fell to $ 92.1 billion when it twice completed its flag -pure alpha fund in an attempt to promote performance, several people aware of the matter told WSJ.

According to, the total value of Dolivo is $ 16 billion Bloomberg billion leaf index.

Related: The business that started in response to the disappointing grocery store’s experience increased by $ 1 billion sales and counted Ray Delive in its investors.

The Nair Bar DEA works as the current CEO of Bridget Water. Bob Prince, Greg Jensen and Karen Karnol Timbur worked as co -seirs of the firm.

Daleo shared his point of view about his departure in LinkedIn Post Published on July 31.

“I have been asked a lot about how I feel about starting with it in the last 50 years and passing with Burj Water in the last 50 years,” Delio wrote. “Above all, I’m very excited about it because I like to see the Burj Water alive and well without me-is better with me and well with me. The reason is that I (a) seeing it as good .There is looking at the era of life.”