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Associated Press

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

Dave McCormick earned more than $22 million last year as CEO of the world’s largest hedge fund, a job he quit to run for U.S. Senate in Pennsylvania, according to a financial disclosure form that offered the public its first detailed look at the candidate’s finances. McCormick and his wife estimated the value of their assets between $116 million and $289 million, including a valuable stake in Bridgewater Associates, the company he ran until early January. If elected, he’d be among the wealthiest U.S. senators.

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