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Hedge-fund magnate backing Cruz is major investor in Breitbart News Network

Politico – The Long Island-based hedge-fund magnate who is helping bankroll Sen. Ted Cruz’s campaign for the Republican nomination is also one of the top investors in the Breitbart News Network, sources with knowledge of the matter told the On Media blog on Monday.

Robert Mercer, the co-CEO of hedge fund Renaissance Technologies, is the main donor behind a network of pro-Cruz super PACs that have raised at least $31 million to date, according to a recent New York Times report. Mercer has spent more than $15 million on conservative political campaigns and causes since 2012.

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