Ray Dalio, the billionaire founder of Bridgewater Associates, has officially sold his remaining shares in the hedge fund and stepped down from its

Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in the firm,

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