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Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which now manages $92 billion. Dalio stepped down as CEO in 2017, retired as co-CIO in 2022 and sold off... 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... Ray Dalio In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Ray Dalio warns the Fed's shift from balance sheet reduction to expansion signals dangerous late-cycle debt dynamics that could drive gold and Bitcoin higher before an inevitable bubble collapse.