Kirkland & Ellis counseled the senior management team of Bridgewater Associates in a landmark succession transaction in connection with the transition of Ray Dalio’s control of Bridgewater to an operating board. Dalio will remain with Bridgewater as founder, CIO mentor and operating board member. Bridgewater Associates was founded in 1975 and is one of the world’s largest hedge fund managers, with approximately $150 billion in assets under management.

Read Bridgewater’s press release The Kirkland team was led by investment funds partners Peter Vaglio, Stefan Paulovic and April Larkin; tax partners Lee Morlock and Mike Conroy and associate Charlie Roarty; with assistance from corporate partners Peter Martelli and associates Don Lee and Nate Sherman.