Dalio sells remaining stake in Bridgewater and exits board of directors.

Bridgewater Fund founder Ray Dalio has sold his remaining stake in the hedge fund and has left the board of directors. It is reported that Bridgewater told clients in a letter last week that they had acquired Dalio's remaining shares. In addition, sources familiar with the matter have stated that the sovereign wealth fund Brunei Investment Agency has invested in the company, gaining nearly 20% of the company's shares. Some sources have stated that this sovereign wealth fund has been a long-term investor in Bridgewater, transferring funds from an investment in one of Bridgewater's funds to the company's stock. One source mentioned that the Brunei fund is currently one of Bridgewater's largest shareholders.