Dalio, Abu Dhabi Royal’s G42 Said to Shelve Investment Venture

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Bridgewater Associates News

Abu Dhabi,Ray Dalio,Bloomberg

(Bloomberg) -- Ray Dalio’s family office and Sheikh Tahnoon bin Zayed Al Nahyan’s artificial intelligence firm G42 have abandoned plans to set up an asset...

-- Ray Dalio’s family office and Sheikh Tahnoon bin Zayed Al Nahyan’s artificial intelligence firm G42 have abandoned plans to set up an asset management venture together in Abu Dhabi, according to people familiar with the matter.Climate Migrants Stand to Overwhelm World’s Megacities

Representatives for G42, the Dalio Family Office and Bridgewater declined to comment. Dalio and Bridgewater have previously said there have been no discussions or conflicts between the two on those topics. Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in the region.

His ties to the emirate and its wealth funds go back decades. The $993 billion Abu Dhabi Investment Authority, now chaired by the royal, was one of Bridgewater’s top backers when Dalio started the firm half a century ago. Dublin, Oct. 02, 2024 -- The "Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 " report has been added to ResearchAndMarkets.com's offering.Construction industry in Ireland to shrink in real terms by 5.1% in 2024, due to high inflation, high interest rates, and elevated construction material prices.

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