Hedge fund executive David McCormick, eyeing Pennsylvania Senate bid, faces attacks over China ties

As CEO of Bridgewater Capital, David McCormick arguably has a fiduciary responsibility to invest heavily in China, the world’s second-largest economy. As a likely Republican Senate candidate in Pennsylvania, he has some explaining to do.

Bridgewater Capital is the world’s biggest hedge fund. Over the past few years, under McCormick’s stewardship, the firm has significantly increased its investment in China amid escalating tensions between Beijing and Washington. That could be a sore point with Pennsylvania’s Republican base, dominated by grassroots conservatives who are fiercely loyal to former President Donald Trump and downright hostile to China.