NEW YORK: When Ray Dalio (pic) finally gave up the reins of Bridgewater Associates 18 months ago, he ceded control of the world’s biggest hedge fund to a younger generation. He also left behind a firm confronting restless investors after years of lacklustre returns.
Chief executive officer Nir Bar Dea needed to revive a flagship hedge fund that was once the industry’s most profitable but has since lagged rivals.
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