Ray Dalio to open branch of family office in Abu Dhabi

The Bridgewater Associates founder has cultivated a close relationship with the United Arab Emirates (UAE) leadership over several decades and the new set-up in the country’s capital builds upon the Dalio Family Office’s existing hubs in the United States and Singapore, according to sources. — Bloomberg

NEW YORK: Ray Dalio plans to set up a branch of his family office in Abu Dhabi, part of the hedge fund billionaire’s deeper push into the Middle East.

The Bridgewater Associates founder has cultivated a close relationship with the United Arab Emirates (UAE) leadership over several decades and the new set-up in the country’s capital builds upon the Dalio Family Office’s existing hubs in the United States and Singapore, according to sources.