Ray Dalio, founder of $130 billion Bridgewater Associates, is
taking a break from the markets to benefit cerebral palsy
Dalio (Photo: Bloomberg)
Dalio is co-hosting a benefit Thursday evening at The Pierre
hotel in New York City with Eugene Ludwig of Promontory
Financial Group and Robert Wolf, the former UBS chairman for
Others from the hedge fund industry supporting the event
include Jean-Louis Lelogeais, co-founder of Strategic Value
Partners; Craig Drill, founder of Craig Drill Capital; and Bill
Richards, senior hedge fund client relationship manager at UBS,
The event benefits the Cerebral Palsy
International Research Foundation, a nonprofit that has
contributed more than $40 million for research grants to
support approximately 500 research projects around the world.
The evening will honor former Chairman of the Federal Reserve
Paul Volcker for his work on the disorder.
Dalio has given to CPIRF and United Cerebral Palsy Broward
County through the
Dalio Family Foundation, according to recent filings. Dalio
signed the Giving Pledge last year, promising to give away
more than half his wealth to charity.