McCormick, ex-hedge fund CEO, aims to be hometown boy in Pennsylvania's key Senate race

United States News News

McCormick, ex-hedge fund CEO, aims to be hometown boy in Pennsylvania's key Senate race
United States Latest News,United States Headlines
  • 📰 FOX29philly
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

As CEO of the world's largest hedge fund, David McCormick wore suits, lived on Connecticut's ritzy Gold Coast, talked up bipartisanship and described China as America's most important 'bilateral relationship.'

, McCormick topped a recent Fox News poll of Pennsylvania GOP primary voters with 24%. Still, nearly a third of respondents are undecided.

For the last 12 years, McCormick lived in Connecticut and was a top executive of Bridgewater, notable for its sizable portfolio that catered to Chinese investors investing in China.To counter the carpetbagging angle, McCormick bought a house in Pittsburgh and stresses his upbringing in Pennsylvania. He also points to his military service: a West Point grad — first from his town, he says — and a Bronze Star-winning veteran of the 82nd Airborne Division in the Gulf War.

In Bush’s administration, McCormick dealt in trade issues. He likes to point out that his tough trade stances drew a complaint from the Chinese to Bush himself.In 2015, McCormick held a fundraiser for Jeb Bush, once a contender for the 2016 GOP presidential nomination eventually won by Trump. Oz's campaign pounced, saying in an ad, "Wall Street insider David McCormick paid for attacks on Donald Trump.

McCormick also professes America First allegiance, saying it has helped people in small-town Pennsylvania where he grew up. And despite his ties to the wealthy and well-connected, he calls himself an "outsider."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FOX29philly /  🏆 570. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Will Redefine the Financial World: PayPal’s CEOCrypto Will Redefine the Financial World: PayPal’s CEODan Schulman is not concerned about what bitcoin's future price will be. To him, the most important feature is the industry's ability to transform the financial system.
Read more »

Pfizer CEO Says We're Going To Need Another Covid BoosterPfizer CEO Says We're Going To Need Another Covid BoosterPfizer's CEO said the company is going to submit 'a significant package of data about the need for a fourth dose.'
Read more »

Pfizer CEO says fourth dose of COVID vaccine is 'necessary,' submits data to FDAPfizer CEO says fourth dose of COVID vaccine is 'necessary,' submits data to FDACEO Albert Bourla said the vaccine remains protective against hospitalizations and deaths, but 'doesn't last very long' for warding off infections.
Read more »

Pfizer CEO: 4th COVID-19 vaccine dose neededPfizer CEO: 4th COVID-19 vaccine dose neededA fourth dose of vaccine is needed to keep people protected against COVID-19, Pfizer CEO Albert Bourla says.
Read more »

Insider Q&A: Blue Apron CEO Findley talks rising food costsInsider Q&A: Blue Apron CEO Findley talks rising food costsAlmost overnight, New York-based Blue Apron gained thousands of customers as restaurants closed and people tried to limit grocery trips
Read more »

Ripple CEO 'Very Pleased' with Recent Court DecisionRipple CEO 'Very Pleased' with Recent Court DecisionA recent court decision not to strike Ripple's 'fair notice' defense has been a major cause of celebration within the XRP community
Read more »



Render Time: 2025-02-23 02:27:45