Mercer's stepping down from Breitbart and RenTech because investors were complaining [View all]

[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/