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Ray Dalio’s Family Office Appoints Ex-UTIMCO Chief Bruce Zimmerman as CIO

Bruce Zimmerman
Chief Investment Officer
Dalio Family Office and Philanthropies

July 8 – 12. 2019

Dalio Family Office and Philanthropies, the investment vehicle for hedge fund giant Ray Dalio, has appointed the former chief of University of Texas Investment Management Co. (UTIMCO), Bruce Zimmerman, as its chief investment officer, according to an update on Zimmerman’s LinkedIn profile.

Under Zimmerman’s decade-long tenure as CEO and CIO of the University of Texas endowment, the fund’s assets grew from $23.5 billion to just under $37 billion. Some of the UTIMCO fund’s assets were invested with Bridgewater Associates, Dalio’s hedge fund which is now the largest in the world, according to a Reuters report.

Since his departure from the fund in 2016, Zimmerman has served on the boards of various companies, including Beneficent Company Group, Vistra Energy, and Oaktree Strategic Income Corporation and Oaktree Strategic Lending Corporation, according to his LinkedIn profile.

In his new role, Zimmerman will oversee direct investments for the Dalio family, who are estimated to be worth $18.1 billion, according to the Forbes 400, or $17 billion according to the Bloomberg Business Index.

Representatives for Bridgewater Associates, Dalio’s hedge fund, did not immediately respond to a request for comment.

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