Ray Dalio will leave his co-CEO role at Bridgewater by mid-April. Dalio will continue as co-CIO along with Bob Prince & Greg Jensen. President David McCormick will move into the co-CEO role, working with Eileen Murray. Co-CEO Jon Rubinstein will leave the company. Bridgewater is the world's largest hedge fund firm with about $103 billion under its management. It's managed with a "partnership model," consisting of co-CEOs and co-chief investment officers. Dalio said, "I'm excited about this change and expect to remain a professional investor at Bridgewater until I die."
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