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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Ray Dalio Makes Donation to Connecticut Park

Dec 16, 2013
Jing Chen

Hedge fund billionaire Ray Dalio has made a large donation to fix up a historical park in Greenwich, Conn.

The Greenwich Time reported that Dalio, the founder of Connecticut-based Bridgewater Associates, and his wife Barbara have pledged $267,750 to the town which will go toward practical and aesthetic concerns of Bruce Park.

Some of the renovations include completing a walkway loop around the park, enhancing the existing drainage system, and funding for tree planting and maintenance.

Currently worth an estimated $13 billion and listed by Forbes as the 28th richest person in the U.S., Dalio launched Bridgewater in 1975 in his New York City apartment.

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