The Latest Breaking News from Bridgewater

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

Ray Dalio announced Tuesday he’s ceding control of Bridgewater Associates, 47 years after he founded the hedge fund that’s become the world’s largest.

"I feel great about the people and 'machine' now in control," Dalio tweeted.

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

The world’s largest hedge fund Bridgewater Associates, led by billionaire Ray Dalio, has a warning for investors related to an economic slowdown in the United States. 

Crypto exchange Coinbase Global Inc (CRYPTO: COIN) is reportedly testing out a management ethos called “radical transparency” that has been employed by Ray Dalio’s Bridgewater Associates.

Dot Collector was first implemented by Bridgewater Associates, a prolific hedgefund, to encourage transparency.

AMC Entertainment Holdings (AMC) is more than just a meme stock as the company posts favorable financials and makes a value-added acquisition.

Dave McCormick earned more than $22 million last year as CEO of the world’s largest hedge fund — the job he quit to run for U.S. Senate in Pennsylvania

The party’s candidates in Pennsylvania are appealing to supporters of the former president, but that could backfire in the election

At the peak, the PSERS retirement plan gave almost $5 billion to Bridgewater Associates to invest, paying it among the plan's highest fees, as well — nearly $700 million since 2004. Bridgewater was the plan's biggest outside money manager.