Ray Dalio will step down as co-CEO of the largest hedge fund manager in the world this April, part of another management shakeup at Bridgewater that will also see former Apple executive Jon Rubinstein shift to an advisory role after ten months as co-CEO and president David McCormick, recently under consideration to join President Trump’s administration, promoted to co-CEO alongside Eileen Murray. For his part, Dalio will remain co-CIO and co-chairman of the company.