Robert Mercer, Bannon Patron, Is Leaving Helm of $50 Billion Hedge Fund
ByRobert Mercer, a billionaire investor and top financial backer of conservative causes, is stepping down as co-chief executive of Renaissance Technologies, as the giant hedge fund faces a backlash from some clients who resent Mr. Mercer’s embrace of polarizing political figures.
Discomfort with Mr. Mercer’s political activism — including protests aimed at university endowments, foundations and pension funds with money invested in Renaissance — has showed signs of taking a small but growing toll. The retirement fund for Baltimore’s police and firefighters, for example, last week asked that all of the $33 million it had invested in Renaissance be refunded, said David A. Randall, the retirement fund’s deputy executive director…
Robert Mercer, Bannon Patron, Is Leaving Helm of $50 Billion Hedge Fund
