(CNBC) Renaissance Technologies founder Jim Simons urged Robert Mercer to step down as co-chief executive because of concerns about Mercer’s backing of Breitbart News, Bloomberg News reports. Simons was concerned that Mercer’s backing of the right-wing website was hurting morale at the world’s most profitable hedge fund, the report says. Mercer sent a letter to investors on Thursday announcing he is stepping down as co-chief executive and from the board.
Trump Backer Mercer Was Reportedly Pushed Out of Secretive Hedge Fund’s Leadership By The Founder
This entry was posted in Syndicated. Bookmark the permalink.
