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Ray Dalio relinquishes control of Bridgewater Associates

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Bridgewater Associates founder Ray Dalio is relinquishing control of the $150 billion hedge fund.

Dalio, 73, transferred all voting rights to the board and stepped down as one of three co-chief investment officers.

Dalio previously exited his role as co-CEO in 2017 and chair at the end of last year.

Bridgewater Associates reportedly is the world's largest hedge fund.

Read more from Axios.

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