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Bridgewater CEO David McCormick Tells Employees He Is Near Resolution on Senate Run

Bridgewater Associates Chief Government David McCormick informed workers Thursday that he was contemplating resigning to run for U.S. Senate in Pennsylvania, and that he deliberate to resolve inside the subsequent few weeks, stated individuals aware of the matter.

Mr. McCormick has been discussing with Bridgewater’s management a potential exit from the hedge fund, and the agency’s board is drawing up potential substitute plans, among the individuals aware of the matter stated.

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