TechFlame reports that according to a letter sent to investors, Qiaoshui Fund founder Ray Dalio sold his remaining fund shares. Qiaoshui Hedge Fund was founded by him 50 years ago. This transaction marks the end of a multi-year transition period for the world's largest hedge fund with assets under management of US$92.1 billion. Ray Dalio, 76, stepped down as CEO in 2017 and handed over control of the Bridgewater Hedge Fund to a new generation of investors in 2022. A source said Ray Dalio will also step down as a board member.