Ray Dalio Embraces Family Office Life as CIO: ‘I’m the Guy’ Now

Ray Dalio has taken over running investments at his family office as he finalized his long-discussed plans to exit the hedge fund behind his multibillion-dollar fortune.

The Bridgewater Associates founder said in a statement he’s assumed the role of Dalio Family Office’s de-facto chief investment officer, doing so following the unexpected departure last year of a former Wall Street executive who had filled that job.

Ray Dalio

Photographer: Daniel Heuer/Bloomberg

“I want to make sure my family office is really strong,” Dalio told Bloomberg News, responding to a query on whether he’s managing investments at the Westport, Connecticut-based firm. “I’m the guy who the ...