Recently, Bridgewater Fund, the largest hedge fund in the world, staged an overlapping of powers. 47 years after the founding of Bridgewater Fund, Rui Dalio handed over his voting rights and resigned as the joint chief investment officer, taking a second place. On October 4, local time, the handover of the world's largest hedge fund, Nir Bar Dea and Mark Bertolini, the joint chief executives of Bridgewater Fund, announced that the control of Bridgewater Fund had been transferred from the founder Rui Dalio to the operating board. Bridgewater Fund has also formally transformed from an "investment boutique" led by its founder into a "long-lasting investment institution". It is reported that Rui Dalio gave up his voting right on September 30 and formally resigned as the joint chief investment officer. Previously, Bridgewater Fund had three joint chief investment officers. In the future, Dalio will retain minority equity and board seats, and continue to provide advice to other chief investment officers. The succession plan of this legendary hedge fund has been brewing since 12 years ago. In 2010, Dalio began to plan to exit. In the following years, seven people served as the sole or joint CEO of Bridgewater Fund. Over the years, Dalio has gradually transferred its daily management, investment supervision and majority equity of the company. In December 2021, the succession plan took a critical step - Bridgewater Fund announced the establishment of its operating board. In January 2022, the Board of Directors selected Nir Bar Dea and Mark Bertolini as the joint chief executives of the Company. Nir Bar Dea and Mark Bertolini said that this is an exciting moment for Bridge Water Fund. So far, the operation board has been in place and the leadership has successfully handed over. "We are ready to continue to serve our customers and strive to make a profound impact on the industry." The experience of Dalio, who "felt great" for his successor, in establishing Bridgewater Fund, has been talked about with relish. In high school, the legendary investor once had no interest in learning. However, due to his enthusiasm for the market and finance, Dalio finally entered the university with the first place in his class, and then entered Harvard Business School. After graduation, Dalio worked briefly in two Wall Street companies. In 1975, he decided to set up his own investment institution, Bridgewater Fund, in a two bedroom apartment in Manhattan, and later created an all-weather trading strategy based on macro themes. From its establishment in 1991 to the end of June 2022, Qiushui's flagship fund achieved an average annual return of 11.4%. Under the leadership of Dalio, Bridgewater Fund has also become the largest hedge fund in the world. In management, Dalio's style is unique. He believes that extreme transparency brings authenticity and allows employees to see what is happening, which can avoid office politics. He also encourages employees to overthrow each other's ideas through relentless criticism. However, insiders have said that this management style has brought about high personnel turnover. On the day when the transfer of power was announced, Dalio sighed on social media, "Today is a very special day for me and Bridgewater Fund, because I will