Ray Dalio, founder of $130 billion Bridgewater Associates, is taking a break from the markets to benefit cerebral palsy research.
|| Ray 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 the Americas.
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, among others.
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.