TechFlow news, on August 1, according to Jinshi Data, Ray Dalio, founder of Bridgewater Associates, sold all of his remaining shares in the hedge fund and stepped down from the board. Bridgewater informed clients in a letter last week that it had bought back Dalio's remaining stake. Additionally, sources said the Brunei Investment Agency (BIA), a sovereign wealth fund, has invested in the firm and acquired nearly 20% of its shares. Some sources noted that this sovereign wealth fund has long been a longstanding investor in Bridgewater and shifted its investment from a Bridgewater fund into shares of the firm itself. One source said the Brunei fund is now among Bridgewater's largest shareholders.
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