An excerpt from The Fund, a 2023 book about hedge fund Bridgewater Associates by New York Times finance reporter Rob Copeland, picked up by GoErie.com, reveals that then-co-CEO and current Republican Pennsylvania Senate candidate Dave McCormick pressured a woman who claimed she had been groped at a party by then-CEO Greg Jensen. Billionaire founder Ray Dalio, who is supposedly pretty anti-MAGA, had examined footage of the alleged groping and told the woman, Katina Stefanova, he didn’t see any evidence that the touching had occurred.
“She reminded (Dalio) that she had never recanted her story. ‘Maybe you’re remembering it wrong,’ Dalio offered. Stefanova assured him that she wasn’t… McCormick piped up, leaning in, ‘Maybe the issue is that you aren’t being a supportive public presence for us.’ Finally, Stefanova understood the urgency of the meeting… Dalio and McCormick had just wanted to remind her that they had the power to destroy her business if she didn’t toe the line,” Copeland wrote in the book. It’s not the only such episode – another clip describes how McCormick cornered another woman who said she’d been pressured by another man and then quit. “Shortly before leaving, she also received an unexpected in-person visit from Bridgewater co-CEO David McCormick. He told her that if she ever broke the agreement, she would be in litigation for the rest of her life.”
Then there’s that McCormick had asked LGBT employees not fly a Pride flag because it would upset partners from the Middle East, and how he’s invested the hedge fund in positions in companies tied to the Chinese military or involved in fentanyl production. So real stand-up guy, this Dave McCormick.