Dalio denies report on Bridgewater comeback, says he’s focusing on family office
Investing legend Ray Dalio denied a recent report that he might return to Bridgewater, the world’s largest hedge fund, insisting that he will now focus on running his family office.
Speaking at a conference in Greenwich, he commented on the New York Times report: “That was such a wrong … don’t trust the media.” The author of the report is writing a book on Dalio — against the hedge fund king’s wishes — that should be released soon.
Dalio plans on spending more time with his family and expanding his family office by opening a new office in Abu Dhabi and hiring staffers at its locations in the U.S. and Singapore. Bridgewater, which Dalio founded in 1975, is now being led by Nir Bar Dea, who is restructuring the firm.