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Pro-Cuccinelli PAC gets $500,000 donation from New York hedge fund executive

Washington Post – A New York hedge fund titan has kicked in $500,000 to boost the campaign of Attorney General Ken Cuccinelli II against businessman Terry McAuliffe, the latest sign that the Virginia governor’s race will be a magnet for outside cash.

Robert L. Mercer, the co-chief executive of the East Setauket, N.Y-based hedge fund Renaissance Technologies, gave a half-million dollars last week to Virginia Principles Fund, a newly-formed political action committee. The PAC, based in Chesapeake, has reported no other donors so far.

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