Bridgewater to Give Employees More Control as Dalio Steps Back

Ray Dalio’s Bridgewater Associates is planning to change its partnership to give more employees ownership as the firm moves toward the next phase of its decade-long succession plan. Dalio discussed the changes, which were announced Thursday to employees and earlier reported by the New York Times, in an interview with Bloomberg Television. The move comes as the 68-year-old Dalio is more than midway through a 10-year succession plan that’s had some false starts.