Robert Mercer, co-chief executive of Renaissance Technologies LLC, is resigning from his role at the giant hedge fund, according to a letter sent Thursday by Mr. Mercer to the firm’s investors.
Wall Street financier Robert Mercer said he will step down as co-CEO of Renaissance Technologies, griping that he has wrongly been branded a a racist because of his ties to Steve Bannon and Breitbart News. The conservative hedge-fund tycoon said Thursday he will also relinquish his role on $50 billion hedge fund’s board in January, and sell his stake in Breitbart News to his daughters. “During the past year, I have been the object of a great deal of scrutiny in the press,” Mercer, a prominent supporter of President Trump, began in a wide-ranging letter that was distributed to colleagues Thursday.
Wall Street financier Robert Mercer said he will step down as co-CEO of Renaissance Technologies, griping that he has wrongly been branded a a racist because of his ties to Steve Bannon and Breitbart News.
The conservative hedge-fund tycoon said Thursday he will also relinquish his role on $50 billion hedge fund’s board in January, and sell his stake in Breitbart News to his daughters.
“During the past year, I have been the object of a great deal of scrutiny in the press,” Mercer, a prominent supporter of President Trump, began in a wide-ranging letter that was distributed to colleagues Thursday.