News Snapshot:
Less than a year after retiring, Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, is threatening his former colleagues with the one thing they have worked hard to prevent: his return. Under the terms of his retirement contract, Dalio, who left the firm full time in October, has the option to retake control of Bridgewater if its financial performance flags, according to five people with knowledge of the agreement. The billionaire investor, who is 74, doesn’t necessarily want to come back to run the firm he founded 50 years ago. Instead, he has repeatedly brought up...
