US billionaire Ray Dalio latest to open family office in Singapore, as he seeks Asia base

Ray Dalio, the American billionaire founder of asset management firm Bridgewater Associates, is opening a family office in Singapore to run his investments and philanthropy throughout the region.Dalio has long held ties to Asia and Singapore, and felt it was “high time” to open a family office there, his spokesperson said in a statement, without elaborating on the timing or staffing plans.For Asia’s super-rich, Singapore family offices keep the cash churningThe Bridgewater founder “has had for…