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Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car accident that made headlines in Connecticut this week, according to the AP. On Thursday afternoon, an Audi crashed into a Verizon store in a Greenwich shopping center and burst into flames, Greenwich Police and Fire Chief Joseph McHugh said. The Verizon store has been largely destroyed and the cause of the crash is still under investigation. In a tweetRay Dalio – the billionaire founder of Bridgewater Associates, known as the world’s largest hedge fund – said his family “mourned and processed and would rather be incommunicado for now.”
“We know that the terrible pain we feel has been and is still being felt by so many others, so our sympathy goes out to them,” he said in a follow-up study. tweet. According to Devon Dalio’s LinkedIn page, he worked as a project manager at Bridgewater Associates. He was also a board member of the Dalio Foundation, according to the foundation’s tax returns. Besides his parents Ray and Barbara Dalio, he is survived by a wife, daughter and three brothers. Connecticut Governor Ned Lamont, a Greenwich resident, released a statement saying he was “devastated” by the death of Devon Dalio. “As parents, we cannot imagine the grief and sorrow of their loss,” Lamont said.
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