Pa. Democratic Party: McCormick Steps Down From Bridgewater While GOP Rivals Attack Him for Outsourcing Pa. Jobs and Ties to China
January 03, 2022
January 03, 2022
HARRISBURG, Pennsylvania, Jan. 3 -- The Pennsylvania Democratic Party issued the following news:
According to reporting from Bloomberg, Connecticut hedge fund executive David McCormick is stepping down from his role as CEO of Bridgewater Associates.
As the article notes, "Bridgewater's work for Chinese clients may open McCormick to criticism among Republicans, who as a whole are mistrusting of China's motives. The firm manages about $1.6 billion in China. . . .
According to reporting from Bloomberg, Connecticut hedge fund executive David McCormick is stepping down from his role as CEO of Bridgewater Associates.
As the article notes, "Bridgewater's work for Chinese clients may open McCormick to criticism among Republicans, who as a whole are mistrusting of China's motives. The firm manages about $1.6 billion in China. . . .