David McCormick and Dr. Oz - two of the top candidates in Pennsylvania's Senate GOP primary - trade shots over McCormick's former hedge fund's large Chinese investments
As former hedge fund executive David McCormick jumped into the increasingly crowded and combustible Republican Senate primary in Pennsylvania, his former hedge fund's considerable investments in China instantly came under scrutiny from one of his top rivals. PENNSYLVANIA GOP SENATE BATTLE: MCCORMICK JOINS CROWDED FIELD OF CONTENDERS. McCormick, in an opinion piece on FoxBusiness. com as he launched his campaign last Thursday, vowed that if elected "I will do everything in my power to end our dependence on China, protect our communities and our jobs, counter their attempts to reshape the world in their authoritarian image, and ensure America remains the world's unrivaled military and economic superpower." WATCH DAVID MCCORMICK'S FOX BUSINESS INTERVIEW. The Oz campaign, responding to McCormick's fiery comments, pointed towards a November Wall Street Journal report that Bridgewater Associates - while McCormick was still CEO - raised the equivalent of $1.25 billion for its third Chinese investment fund, boosting the hedge fund firm "Into the ranks of the biggest foreign managers of private funds" in China. Spotlighting the report, Oz campaign spokesperson Brittany Yanick charged that "Liberal David McCormick outsources jobs, brags about it, and sent China hundreds of millions of dollars after they sent us the Wuhan flu. The Chinese love David McCormick's candidacy, because he's always putting their economy ahead of ours." The McCormick campaign noted that Bridgewater has investments all over the world, with less than two percent of the firm's revenues coming from China. McCormick and Oz are two of the top candidates in a crowded field of Republican contenders aiming to succeed retiring GOP Sen. Pat Toomey in a race that could decide whether the Republicans win back the Senate majority in November's midterm elections. MCCORMICK TAKES AIM AT CHINA IN FOX BUSINESS OP-ED. Both McCormick and Oz would welcome the endorsement of former President Donald Trump, who remains very popular and influential with Republican voters as he continues to play a kingmaker's role in GOP politics and repeatedly flirts with another White House run in 2024,.