McCormick wants the US to divest from China. As a hedge fund manager, he oversaw investments in Chinese companies

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McCormick wants the US to divest from China. As a hedge fund manager, he oversaw investments in Chinese companies
Nederland Laatste Nieuws,Nederland Headlines

In Republican David McCormick’s second bid for US Senate in Pennsylvania, he has rebranded himself as a Trumpian-hardliner on China, sounding the warning bells on US economic ties with China.

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However, as the head of the world’s largest hedge fund, McCormick oversaw massive investments into US exchange traded Chinese companies and holdings, according to a CNN KFile review of the hedge fund’s holdings. “We need to stop investing in China, and I know something about investing, put restrictions on portfolio investment or direct investment that aids the CCP or the Chinese military,” McCormick said on Hugh Hewitt’s podcast earlier this month.

” McCormick faced fierce criticism over his ties to China when he ran for the Republican nomination in 2022. He lost the primary to Republican Dr. Mehmet Oz by fewer than a thousand votes. Oz lost to Democrat John Fetterman, the state’s former lieutenant governor. McCormick’s hedge fund also held an additional $779 million indirectly in Chinese companies through their investments in exchange traded funds.

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