Ray Dalio , founder of one of the biggest hedge funds Bridgewater, has dumped his remaining shares in the firm and stepped aside from its board. Ray Dalio founded and built the world’s largest hedge fund, Bridgewater Associates. He’s also the author of the #1 NYTimes Bestseller, Principles: Life and Work and Principles for Dealing with ... Ray Dalio has taken over running investments at his family office as he finalized plans to exit the hedge fund behind his fortune. Dalio assumed the role of de-facto chief investment officer... Bridgewater Associates founder Ray Dalio sold the remainder of his stake in the hedge fund and left its board, ending a leadership transition started more than a decade ago.