Bloomberg: “David McCormick […] Faces Attacks For Investments [Bridgewater] Made In China”
PENNSYLVANIA — Connecticut mega-millionaire and hedge fund CEO David McCormick’s long record of prioritizing his bottom line over American workers and lying about where he lives is facing renewed scrutiny this week as he tries to hide his out-of-touch agenda.
ICYMI: Bloomberg: Rich GOP Senate Contenders Face Attacks Over China, Out-of-State Mansions
- The wealthy Republicans, all endorsed by Donald Trump, include a hedge fund chief executive officer whose firm invested in Chinese weapons makers, a car dealer who sold Chinese-made Buicks and a bank CEO who suggested most nursing home residents aren’t competent to vote.
- David McCormick, the former Bridgewater Associates CEO running in Pennsylvania, faces attacks for investments the hedge fund made in China, including companies that build fighter jets, bombers and the country’s first domestically built aircraft carrier.
- […] They point to his frequent travel to Connecticut, and the Associated Press reported last year he still rented a $16 million mansion. Opponents pounced when McCormick mispronounced Pennsylvania’s iconic Yuengling beer “yangling” instead of “yingling” on a podcast.
- Bloomberg reported in 2021 that Bridgewater managed about $5 billion on behalf of China’s government.
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