Mercer run Renaissance Technologies Enters Divestment Campaign Crosshairs [View all]
October 25, 2017
Sleeping Giants — initially set up to deprive Breitbart and other conservative media outlets of ad dollars after the 2016 election — announced its new campaign on Monday. The group is encouraging supporters to email or tweet at institutions’ board members and executives, and urge them to pull capital from Renaissance Technologies. The campaign arose from an article purporting to name some RenTech investors, published last week by progressive news site ThinkProgress. “These wealthy institutions are quietly financing white nationalism,” authors Judd Legum and Danielle McLean state in the headline, then profess to follow the money from public pension funds, university endowments, and charities to Renaissance Technologies and its co-CEO Robert Mercer, who in turn co-owns Breitbart News.
“There are no sides to this,” a spokesperson for Sleeping Giants countered, when reached by phone. “This is not a political thing. We just think that if you’re giving money to someone who is going to use it to fund white nationalism or racism or sexism — especially if you have diverse students and faculty — it feels hypocritical.”
https://www.institutionalinvestor.com/article/b15b5dvwz6x07f/renaissance-technologies-enters-divestment-campaign-crosshairs
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