The hedge fund manager is looking to use automation to make for a shortage in human talent.
Ray Dalio's attempts to groom a successor is encountering a problem: the CEO's odd management style.
“We mutually agree that he is not a cultural fit for Bridgewater,” Ray Dalio said in a post on his LinkedIn.
Trump’s victory has offered relief to many managers after they saw $70.1 billion in outflows last year.
Eaglevale Partners was started by former Goldman Sachs traders in 2011.
The president's populist policies may have more impact than central bank policies, he says.
"Uncertainty is at a peak, and actually uncertainty is the enemy of long-term investment," said billionaire George Soros.
Steve Cohen’s Point72 Asset Management performance was his second-worst annual return.
The $2.9 trillion industry has posted average annual returns of 2 percent over the past three years.
Existing clients will be exempt from fees on new investments they make in two of its hedge funds.
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