Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. After receiving his BA from Long Island University, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures. He later worked as the Director of Commodities at Dominick & Dominick LLC. In 1974, he became a futures trader and broker at Shearson Hayden Stone. In 1975, he founded the Connecticut based investment management firm, Bridgewater Associates, which became the largest hedge fund in the world by 2012.