Unauthorized Ray Dalio biography introduced subsequent fall by Wall Road Journal reporter

“The Fund: Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Road Legend,” by Rob Copeland, was introduced Wednesday by St. Martin’s Press. The writer is billing the e book as a counterpoint to Dalio’s “mystique of success,” with Copeland drawing upon tons of of interviews for an in-depth portrait of Dalio and Bridgewater.

“’The Fund’ peels again the curtain to disclose a rarified world of wealth and energy, the place former FBI director Jim Comey kisses Dalio’s ring, latest Pennsylvania Senate candidate David McCormick sells out, and numerous Bridgewater acolytes describe what it’s prefer to work at this fascinating agency,” in accordance with St. Martin’s.

The 73-year-old Dalio introduced earlier this month that he was transferring his voting rights to the board of administrators, however will stay as “founder and CIO mentor.” He has beforehand stepped down from his positions as CEO and chairman.

Copeland has written critically of Dalio, depicting him in a 2020 profile as a domineering govt reluctant to show over management of Bridgewater and calling Bridgewater’s latest efficiency “lower than spectacular.” Dalio began the corporate in 1975 and constructed it into the world’s largest hedge-fund agency. His books embrace the best-selling “Rules: Life & Work.”

Copeland has additionally alleged {that a} feminine Bridgewater govt was sad over being paid lower than her male friends, a report labeled “misinformation” by Dalio.

In a press release launched by way of St. Martin’s, Copeland stated: “Dalio for years has caught to a story that each one Bridgewater staff are judged on an equal taking part in area, and that any distinction in rank or authority was due solely to a rigorous system that susses out benefit. The reality is extra advanced.”