Ray Dalio, the billionaire head of the world's biggest hedge fund, has significantly stepped up giving to his foundation, putting $400 million into the charity in 2013, Forbes writes, citing tax filings. The infusion raised the Dalio Foundation's assets to $842 million, ranking it fifth among philanthropies launched by hedge-fund managers, behind those of George Soros, James Simons, John Arnold, and Stanley Druckenmiller.
Mr. Dalio, a 2011 Giving Pledge signer, is the founder of Bridgewater Associates, which manages some $160 billion in assets. While his foundation is not mission-driven, his philanthropic interests include microfinance, inner-city education, and nature conservation, according to Forbes. The Dalio Foundation gave away $109 million in 2013 and was one of several billionaire-led philanthropies that made major pledges that year to the global push to eradicate polio.