Tuesday, August 09, 2022


Report: Trump Considering Westport Hedge Fund Manager for Defense Post

Westport Hedge fund manager and former Army officer David H. McCormick is the front-runner to serve as Donald Trump’s deputy defense secretary, according to Bloomberg News.

WestportNow.com Image
David McCormick: president at Bridgewater.  Contributed photo

McCormick, president of Bridgewater Associates Inc., the world’s biggest hedge fund, was eyed earlier as a possible Treasury secretary, a post that ultimately went to former hedge fund investor Steve Mnuchin, the report on Friday said.

McCormick, 51, moved to Westport’s Greens Farms area in 2010 with his wife, Amy Richardson. In 2014, he moved to a waterfront property in Fairfield’s Southport area.

Bloomberg said the potential nomination earned high praise from retired Gen. David Petraeus, who at one point had been seen as a potential secretary of state pick for Trump.

“David McCormick is a superstar,” said Petraeus, who added that the two men had the same thesis adviser as students.

“I would stand up and cheer if I heard that David McCormick was going to be the deputy secretary,” he said, calling him a “businessman as well as a former soldier as well as an academic.”

Last month, McCormick was honored with the Quiet Professional Award by The Green Beret Foundation. (See WestportNow Nov. 17, 2016)

The award is given to a person with unwavering dedication within and outside the military and respected leadership of military personnel.

The Green Beret Foundation is an organization that provides direct and continuous support to the Green Beret Community and its families.

McCormick has close ties to the Green Berets, serving in the U.S. Army at Ft. Bragg, N.C. and as a veteran of the first Gulf War.

Before joining Bridgewater, he was U.S. Treasury under-secretary for international affairs in the Bush Administration and prior to that deputy national security advisor for international economic policy and under-secretary of commerce for export administration.

From 1999 to 2005, he was an entrepreneur, serving as CEO of Freemarkets and president of Ariba, two publicly traded software companies, and earlier in his career he was a consultant at McKinsey & Company.

He is a graduate of the U.S. Military Academy at West Point and has a Ph.D. from the Woodrow Wilson School of Public and International Affairs at Princeton University.

Leave a Reply

Your email address will not be published.