The CEO of Bridgewater is David McCormick.
Patrick McMullan is pictured via a photo.
According to a report, the chief executive of a company is planning to run for a US Senate seat in Pennsylvania in 2022.
According to a Philadelphia Inquirer report, the 56-year-old Republican and Gulf War veteran planned to file paperwork with the IRS to create the "Friends of Dave McCormick Exploratory Committee."
An ad featuring a man talking about Christmas began airing Tuesday. He doesn't mention a Senate run in the ad.
The firm manages more than $150 billion in assets a year. He has been talking to GOP donors and leaders about running for Senate next year, but no decision has been made, the report said.
The Democratic Party has a thin majority in the US Senate, and party leaders are worried about losing seats in the upcoming elections. Mehmet Oz, the doctor on TV known as "Dr. Oz," is a Republican candidate for the Pennsylvania seat.
The Senate seat is expected to be competitive as the incumbent isn't running for re-election. Pat Toomey is leaving the Senate. John Fetterman is one of several Democrats who want the open seat.
He has never run for public office before. The Philadelphia Inquirer noted that his foes have pointed out potential vulnerabilities, including job cuts he oversaw in the Pittsburgh region and massive investments in China. GOP voters who supported Donald Trump's "America First" message could be turned off by the two issues.
According to the report, his allies say he can point to his positions on China. According to a recent report, McCormick disagrees with Ray Dalio's defense of China.
Business Insider has an original article.
