Pa. Senate candidate McCormick earned $22M as hedge fund CEO

By MICHAEL RUBINKAM
Associated Press

Dave McCormick earned more than $22 million last year as CEO of the world’s largest hedge fund — the job he quit to run for U.S. Senate in Pennsylvania. McCormick filed a financial disclosure form that offered the public its first detailed look at his finances. McCormick is part of a trio of ultrarich candidates, including celebrity surgeon Mehmet Oz, to come from out of state to run for the GOP nomination for Pennsylvania’s open Senate seat. McCormick and his wife estimated the value of their assets between $116 million and $289 million. That includes a valuable stake in Bridgewater Associates, the company he ran until early January.