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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Renaissance Tech CEO Makes Donation to PAC

Aug 14, 2013
Jing Chen

The co-chief executive of New York-based hedge fund firm Renaissance Technologies donated $500,000 last week to a political action committee.

The Washington Post reported that Robert Mercer’s donation will go toward the Virginia Principles Fund, which is a newly-formed PAC that will support Attorney General Ken Cuccinelli II in the Virginia governor’s race against businessman Terry McAuliffe.

The article said that Mercer is one of the largest donors to the Republican Party, and donated at least $5.4 million during the 2012 cycle.

Renaissance Technologies is the $22 billion brainchild of quant whiz James Simons, who is now retired.

 

 

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