Bridgewater Baggage, Trump Barbs Overshadow McCormick’s Senate Bid
- Candidate will have to navigate the hedge fund’s ties to China
- He has also made negative remarks about former President Trump
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David McCormick is betting that a successful career in finance and service in the military can overcome his past employer’s coziness with China and less-than-enthusiastic remarks he has made about Donald Trump.
The former chief executive officer of Bridgewater Associates, the world’s biggest hedge fund, announced Thursday that he’s running for a U.S. Senate seat in Pennsylvania as a Republican. McCormick made sure to highlight aspects of his personal narrative that worked for Trump in the 2016 presidential race: that his wealth is self-made and he’s not beholden to special interests.