Scott Bessent's actions prompted a joint currency intervention, and the event also noted that Ray Dalio founded Bridgewater Associates.

The entities involved

• Scott Bessent →

  United States Secretary of the Treasury

  • Donald Trump and Scott Bessent commented on the budget, monitoring fiscal health and policy levers during the presidential tenure.Mon 16:08
  • Scott Bessent hosted G20 finance ministers in Asheville, where he announced sanctions on Iran and pressured the G20 to cut off Iran's lifelines.Mon 15:30
• Bridgewater Associates →

  asset manager

  • Patrick Gorman's professional profile includes roles as EVP at Booz Allen Hamilton, CSO at Bridgewater Associates, and his academic background from George Washington University.Thu 10:15
• Ray Dalio →

  American billionaire hedge fund manager

  • Ray Dalio, the XPRIZE Foundation, and the Mohamed bin Zayed Water Initiative collaborated on a joint venture to accelerate water innovations and support technology commercialization.Fri 21:05
  • Ray Dalio's economic thesis utilizes deficit data provided by USAFacts.Tue 18:40

Related events

• Ray Dalio founded the hedge fund Bridgewater Associates, and prospecting took place in Bear River.Jul 7
• The US and Japan jointly intervened in the currency market to support the Japanese Yen, with expert commentary from Monex Group to CNBC.Aug 7
• Ray Dalio advised overweighting Bitcoin as a hedge against debt, coinciding with Treasury intervention prompting a fresh round of dollar selling.Aug 25
• Bitcoin market reacts to Bessent's bond buyback plans and Trump's tariff threats against China, amid calls from Michael Saylor.Aug 30
• Ray Dalio, founder of Bridgewater Associates, compares the current market to the Nasdaq 2000 crash.Aug 17