The Latest Breaking News from Ray Dalio

Bridgewater Associates was founded in 1975 and has over $223 billion in assets under management, making it one of the world’s largest hedge funds.

Earlier this month, a record 302,000 people attended Singapore’s first Formula 1 car race in three years. Some forked out $900 for a grandstand seat for three days, while others booked hotel suites overlooking the Marina Bay track for as much as $10,000. Nightclub tables were fetching up to $70,000…

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 rout in the financial market resulting from the U.K. government’s spending plan “suggests incompetence,” billionaire investor and founder of Bridgewater Associates, Ray Dalio, said in a series of tweets.

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%.

Billionaire hedge fund manager Ray Dalio recently offered his take on whether rising interest rates could help improve the economy.

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.