Ray Dalio is expected to step down from his management position at Bridgewater Associates by April 2017 as part of a major shakeup at the company, according to Business Insider.
In a memo released on LinkedIn, Dalio outlines details his management changes, as well as his own transition to co-chief investment officer and his pledge to “remain a professional investor at Bridgewater until I die.”
This change is an expression of Bridgewater’s “partnership model” of leadership, in which co-CEOs run each department under the oversight of co-chairmen. Additionally, the company fosters a “radical truth” environment in which employees rate each other on proprietary iPad apps, and most company meetings are recorded in the interest of transparency. Consequently, employee turnover isn’t uncommon.
Read the full memo on LinkedIn for more information about Dalio’s shift.
—RealClearLife
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