Bridgewater CEO McCormick steps down to run for PA Senate

By Reuters Posted on January 3, 2022

FILE PHOTO: David McCormick, President Bridgewater Associates, speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas

FILE PHOTO: David McCormick, President Bridgewater Associates, speaks on a panel at the annual Skybridge Alternatives Conference in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo

Bridgewater Associates Chief Executive Officer David McCormick has stepped down from his role to run for an open United States Senate seat in Pennsylvania, the world’s largest hedge fund said on Monday.

The Westport, Connecticut-based company appointed Deputy CEO Nir Bar Dea and co-Chair of operating board of directors Mark Bertolini as co-CEOs with immediate effect.

See the full article at Metro Philadelphia