The Dalio Family Office (DFO), which supports the Dalio family in their ventures and investments as well as their work through Dalio Philanthropies, has launched a regional office in Abu Dhabi.
This new office builds on a 30-year relationship between Dalio and the United Arab Emirates, Abu Dhabi Global Market (ADGM) said in a statement on 19 April.
Alongside its offices in the US and Singapore, this expanding footprint will give the DFO greater capacity to grow the Dalio family's global investments and philanthropy.
The ADGM highlighted that Ray Dalio, founder of Bridgewater Associates, has had deep, decades-long relationships with the UAE and with other clients and partners in the region, and this new office represents a natural evolution of these long-standing partnerships as he transitions to the next phase of his career as an investor, philanthropist, educator, and advisor.
Dalio said: "I have had more than 30 years of meaningful work and meaningful relationships with the people and leadership in Abu Dhabi which has led me to like and admire them greatly. Abu Dhabi is also becoming a hub for many exciting developments in the region, including across the UAE and in Saudi Arabia. For these reasons, I am thrilled to make Abu Dhabi a home for the Dalio Family Office."
Along with offices already established in the US and Singapore, the Abu Dhabi outpost of the family office oversees a range of activities, including Dalio family investments and philanthropic efforts, and especially strategic partnerships around common interest areas such as ocean exploration.
These efforts will be enhanced by Abu Dhabi's continuing emergence as a leading financial hub with world class banking and investment services and infrastructure. With a strong desire to build strategic and long-term partnerships with key stakeholders of the Abu Dhabi ecosystem, the DFO aims to contribute to the long-term growth vision of the wider region.
The Abu Dhabi Dalio Family Office will be led by a highly seasoned and diverse team of professionals. The team will work closely with the family to ensure alignment with its global investment and philanthropic strategies.
