Billionaire hedge fund founder Ray Talio says his family ‘mourns’ after 42-year-old son killed in car crash

Devon Talio was killed when his car collided with a Verizon store, according to local news reports. The cause of the crash is still under investigation.

  • Ray Talio announced on Twitter that his 42-year-old son Devon Talio had been killed in a car crash in Greenwich, Connecticut.
  • Those involved in Friday’s crash were trying to determine the cause of the car crash.
  • “I and my family are grieving and processing, and I want to be inconsistent for the time being,” Bridgewater Associates founder Ray Talio wrote on Twitter.
  • Visit Business Insider’s homepage for more stories.

Devon Talio, son of billionaire hedge fund founder Ray Talio, was killed in a car crash Thursday afternoon, a family spokesman said. Confirmed in the Connecticut Post.

Devon, 42, was killed in a head-on collision with a Verizon store in Greenwich, Connecticut, Greenwich police and fire department chief Joseph McHugh told the Post. Investigators on Friday tried to determine the cause of the Talio crash.

His father Shared bad news in a tweet on Friday.

“I share with you how my 42-year-old son was killed in a car accident yesterday,” said Ray Talio, founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund. . “I and my family are grieving and processing and want to be inconsistent for the time being.

Devon, the eldest son of Ray and his wife Barbara, is said to have been a co-founder and partner of P-Square Management Enterprises, a private equity firm. His center page. He has a wife and a daughter.

He has also served as a team member of his family trust, the Talio Baronrapis, and he is interested in supporting health, veterans and animal welfare, a spokesman told the Connecticut Post.

“We know that the terrible pain we experience is still felt by many, so our sympathies go to them,” Ray Talio said in a subsequent tweet. “May God be with you, especially as you honor your blessings at this time of year.”

Elder Talio’s tweet expressed support for Connecticut Governor Nate Lamond, who said he and his wife were “devastated” by the news.

“As parents, we can’t imagine the grief and sadness they lost,” Lamont said in a statement from the store. “Our prayers are with Champion Ray and Barbara for the children of Connecticut.”

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