Bridgewater CEO McCormick to leave for Senate run By Reuters – Investing.com

  • Date: 03-Jan-2022
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Bridgewater CEO McCormick to leave for Senate run By Reuters – Investing.com

(Reuters) - Bridgewater Associates Chief Executive Officer David McCormick (NYSE:) plans to step 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 company appointed Deputy CEO Nir Bar Dea and co-Chair of operating board of directors Mark Bertolini as co-CEOs with immediate effect.

McCormick, who joined the investment management company in 2009, was named a co-CEO in 2017. He became the sole head in April when co-CEO Eileen Murray left.