Mercer's stepping down from Breitbart and RenTech because investors were complaining

[octoberlib]

With investors under fire for financing white nationalism, Robert Mercer resigns from hedge fund


Robert Mercer, the billionaire that has funded Breitbart and Milo Yiannopoulos, resigned from his role as CEO of the quant hedge fund Renaissance Technologies, according to the New York Times. Mercer’s resignation came just two weeks after ThinkProgress revealed 12 nonprofits, universities, and public retirement funds had invested millions of dollars into the hedge fund, noting that their investments were helping fund white nationalism.

The ThinkProgress story sparked large public outcry, with thousands of people tweeting and messaging those institutions to divest. Michigan State University was targeted by student groups and an activist group that launched a successful campaign to stop Breitbart advertising called Sleeping Giants.


Mercer’s political views run contrast to Renaissance Technologies’ founder James Simons, a historically large donor of Democrat causes and campaigns.

https://thinkprogress.org/with-investors-under-fire-for-financing-white-nationalism-robert-mercer-resigns-from-hedge-fund-4b80fef927d0/

[redstatebluegirl]

1. Problem is this is just smoke and mirrors.

He is still in charge, he is hiding from possible litigation and issues from his board. No worries, that snake is still in charge of his store.

[octoberlib]

3. He'll still be working on the research side.

He wrote that letter claiming he was disgusted by Milo. Bullshit. Milp's been a horrible person for a long time. It's all about money.

[Raster]

5. It's about money...

...and indictments. Methinks the Mercers -Robert and Beekah- might be a bit more in the shit than they would like anyone to believe. Someone needs to put Bannon*s huevos in a vice AND SQUEEZE... let's see whom he gives up.

[OriginalGeek]

2. I'm completely stupid about this stuff

how can I be sure my 401k doesn't have any money in any Mercer thing? I've been contributing to it for 17 years and pretty much I just re-up every year and leave the thing alone.

[octoberlib]

4. I think it's mostly public pensions. Good question , though.

[titaniumsalute]

6. Usually 401ks don't have monies in hedge funds