Ray Dalio has transitioned Bridgewater to new leadership.

Judge as of 7 March 2023. True: Bridgewater announcements or filings show Dalio had handed control and leadership to new leaders (e.g. completing the transfer of control to the board, and Nir Bar Dea as sole CEO) by that date. Mostly true: the handover was effectively done but a small formal step was still pending. Mostly false: the transition had only been announced or was only partly done, with Dalio still holding control or a leading executive role. False: by that date Dalio still clearly led Bridgewater with no transition carried out.

Set before the research began.

1. E1 Bridgewater’s Completed Transition Bridgewater Associates · 4 October 2022 Own record

   “On Friday, we finished the work, signed the papers, and closed. The control of the company now sits with our Operating Board. There is nothing left to do on Ray’s transition. It’s done.”

2. E2 Bridgewater’s Completed Transition Bridgewater Associates · 15 February 2022 Own record

   “signed the binding legal documents which codify the transition of control of Bridgewater from Ray to the Operating Board of Directors.”

3. E3 Bridgewater’s Completed Transition Bridgewater Associates · 4 October 2022 Own record

   “in January we announced the Board’s selection of Nir Bar Dea and Mark Bertolini as our co-CEOs.”

4. E4 Bridgewater’s Completed Transition Bridgewater Associates · 15 February 2022 Own record

   “Ray will still serve as a member of the Operating Board, CIO Mentor, and continue to lead his investment research.”

Bridgewater's own notes say the Board picked Nir Bar Dea and Mark Bertolini as co-CEOs in January 2022 (E3). The firm also says it signed binding documents moving control from Dalio to the Operating Board (E2). By October 2022 it says the closing was finished, control sat with the Operating Board, and "there is nothing left to do on Ray's transition" (E1). Dalio stayed on as a board member and CIO Mentor (E4), but not as head of the firm, so the handover to new leaders was done well before 7 March 2023. This rests only on Bridgewater's own official statements.