Ray Dalio Is Stepping Down From Management at Bridgewater
- Dalio steps down as co-CEO; remains at firm as co-CIO
- Rubinstein, an ex-Apple executive, will remain as an adviser
Ray Dalio Stepping Down as Co-CEO at Bridgewater
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Ray Dalio shook up management at his Bridgewater Associates for the second time within a year in a sign that the billionaire is grappling with succession planning at the world’s largest hedge fund.
Dalio said he will step down as interim co-chief executive officer next month and will remain co-chief investment officer. He also dropped a bombshell: his star hire Jon Rubinstein, one of the creators of the iPod, will leave after 10 months as co-CEO.