Bridgewater’s CEO on Inequality, Uncertainty, and Polarization
David McCormick, who runs the world’s biggest hedge fund manager, says it’s time for corporate executives to speak out.
David McCormick, chief executive officer of Bridgewater Associates.
Source: Bridgewater Associates
David McCormick, the chief executive officer of Bridgewater Associates, isn’t a typical hedge fund honcho. He’s a former Army Ranger who cleared minefields in the first Gulf War and a Princeton Ph.D. who served as President George W. Bush’s undersecretary of the Treasury. He now runs the company Ray Dalio founded, which manages $140 billion, much of that for pension funds.
We’re in a unique moment, a paradigm shift that has been accelerated by the pandemic. There’s an enormous amount of uncertainty, more polarization than at any point in my lifetime, and growing tensions between the U.S. and China. How that’s managed and how that plays out has huge implications for markets and for the economy.