You’ll Have Renaissance Technologies To Thank For President Trump

The hedge fund's co-CEO (and his daughter) is calling the shots.
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By Michael Vadon [CC BY-SA 2.0], via Wikimedia Commons

via Wikimedia Commons

Sure, sure, there’s a Goldman guy leading the campaign now. But behind him stands the shadowy, fresh-razor-loving figure of Robert Mercer, who co-runs RenTech following the retirement of his mentor in matters hedge fund but not politics Jim Simons. Unlike his former candidate of choice, Mercer’s gotten over the whole Trump beating Ted Cruz like a rented mule thing, possibly because Trump has only vaguely attacked Mercer as part of the vast hedge fund conspiracy and not gone directly after his wife. And when he’s not inventing the nuclear weapon of high-frequency trading, he’s Making America Great Again, doing his all to put a man who’d happily use actual nuclear weapons in the White House.

He and his daughter, Rebekah, had recommended both Breitbart News chairman Stephen Bannon and Republican pollster Kellyanne Conway, who already worked for the campaign, according to people familiar with the matter. The Mercers met privately with Mr. Trump at a fundraiser last weekend at the East Hampton, N.Y., home of New York Jets owner Woody Johnson, according to a person at the event….

Mr. Bannon and Ms. Conway were listed as guests of Ms. Mercer at a private donor suite at the Republican convention last month, according to a guest list obtained by Bloomberg News.

Signs of the Mercers’s influence have already emerged. The Trump campaign recently hired Cambridge Analytica, a data analytics firm owned in part by Mr. Mercer that offers “psychographic” analysis related to the personalities and values of voters. Mr. Trump had previously said the role of such data in campaigns was “overrated.”

Trump Shake-Up Reflects Hedge-Fund Manager’s Growing Influence [WSJ]

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