Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund.
Before he ran for the U.S. Senate in Pennsylvania, David McCormick was a big name on Wall Street.He was the CEO of the world's largest hedge fund, a world-traveled executive who was sought after for speaking engagements and prominent board positions.His wealth and connections got him flagged by Republicans as someone who could both raise campaign cash and pay his own way for a Senate campaign.But McCormick's Wall Street days haven't been such an asset of late.
In his two campaigns for Senate, super political action committees that support McCormick have raised tens of millions of dollars and counting from the finance world.McCormick, 59, earned a Ph.D from Princeton University, ran the online auction house FreeMarkets Inc., which had its name on a skyscraper in Pittsburgh during the tech boom, and served in senior positions in President George W. Bush’s administration.
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