Hedge Fund Magnate Gives $11.1M To Cruz Campaign

(New York Post) Long Island hedge-fund magnate Robert Mercer dumped $11.1 million into Texas Sen. Ted Cruz’s campaign coffers, according to federal filings released Friday. A former computer programmer at IBM, Mercer earned his wealth designing algorithms to outsmart the stock market and has kept a low profile while cutting checks for conservative causes since 2008. Nearly a third of Cruz’s $37.8 million haul came from Mercer alone.

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