Home Politics Ray Dalio Demanded Billions to Retire from Hedge Fund

Ray Dalio Demanded Billions to Retire from Hedge Fund

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New York Occasions: “Ultimately, Mr. Dalio, with an estimated internet price of $19 billion, agreed to give up his management over all key choices at Bridgewater provided that the agency agreed to present him what might quantity to billions of {dollars} in common payouts over the approaching years by means of a particular class of inventory.”

“These secret preparations had been described by a half dozen present and former Bridgewater staff who mentioned they risked angering Mr. Dalio and might be sued by the agency in the event that they spoke publicly. At an inner assembly final 12 months through the warmth of the exit negotiations, Mr. Dalio described the hedge fund as his ‘property rights,’ based on one worker, and indicated that he anticipated to be compensated accordingly.”

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