HARRISBURG, Pa. — Republican U.S. Senate candidate Mehmet Oz on Tuesday sought to attack GOP front-runner David McCormick for his role in leading a hedge fund that made hundreds of millions of dollars from the embattled Pennsylvania school pension fund, PSERS.
Pointing at PSERS headquarters in the state capital, as staff gathered upstairs for a board meeting, Oz noted how McCormick had served as CEO of Bridgewater Associates, the giant hedge fund that was until recently PSERS' largest outside money manager and its largest recipient of fees. Both PSERS' and Bridgewater's investments for the agency have been criticized for lackluster performance.
"Rich people on Wall Street continue to charge us and make money whatever happens," said Oz who spoke on the sidewalk across from PSERS's midrise building, accompanied by several teachers and a small-business owner.
