Hedge fund honcho seeks to oust congressman

Marketplace – Super PAC Prosperity First, which is bankrolled by wealthy hedge fund CEO Robert Mercer, is attempting to oust Democratic Rep. Tim Bishop in New York’s 1st Congressional District. In less than a week, the super PAC has spent more than $294,000 on ads.

Prosperity First reported its first buy to the tune of $273,000 on Friday, followed by an additional $21,000 on Monday, according to filings with the Federal Election Commission. The ads support Randy Altschuler, a wealthy Republican businessman running for Congress against Bishop in Mercer’s home district of eastern Long Island.

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