Rentech's Mercer to Resign as Co-CEO of Hedge Fund

[Lucky Luciano]

Source: Bloomberg

Renaissance Technologies’ Robert Mercer plans to step down as co-chief executive officer effective Jan. 1, according to a letter he sent to investors in the firm’s funds.

Peter Brown, 62, will continue as CEO, the letter said. Mercer, 71, will also leave the board but remain at the company as a member of the technical staff focusing on research work. Mercer and Brown took the co-CEO posts in 2010 after founder James Simons retired.

In recent months, Mercer’s personal political projects dragged him and his firm into the national spotlight. Mercer and his daughter, Rebekah, are prominent Republican donors and patrons of Stephen Bannon, the chairman of Breitbart News and a driving force behind the populist, nationalist wing of the Republican party that carried Donald Trump to the White House. In a Nov. 2 letter to colleagues at the hedge fund, Mercer said "for personal reasons" he has decided to sell his stake in Breitbart News to his daughters.

Mercer’s politics have put him at odds with those of other top figures at Renaissance. Simons, who remains chairman of the Renaissance board, was one of Hillary Clinton’s top financial backers during last year’s election.
Brown and Mercer were both hired by Renaissance in 1993 from the IBM Thomas J. Watson Research Center, where they were language technology experts. The firm has been a pioneer in the growing industry of computer-driven investing.

Read more: https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-11-02/rentech-s-robert-mercer-to-resign-as-co-ceo-of-hedge-fund-firm-j9ilcxxe

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Just went past my screen on the Bloomberg terminal.

He will stay on as as a member of the technical staff doing research.

I suspect Jim Simons (a Hillary supporter) was getting fed up with his bullshit. Peter Brown (a Hillary supporter). Will be the sole CEO.

[Wwcd]

1. Good to hear. Mercer's stayed just below the radar for too long.

Go get em Muelle!

[Bernardo de La Paz]

4. .

Mercers (plural) does not use an apostrophe.

Mueller with an 'r'.

[Wwcd]

7. Ok wtf ever.

Seriously, Mercer is being dragged out of his hidden billionare crime world & I get a typo callout?

Bigger things in life today to be concerned with then typo errors on a quick moving message board.

[Bernardo de La Paz]

8. We can handle more than one thing at a time or sequentially.

Further, it seems that non-egotistical people don't get upset at receiving minor corrections or even major corrections.

[Ptah]

11. contraction of "Mercer has" - - Mercer's

Your 'correction' is incorrect.

[Bernardo de La Paz]

16. The article discusses both Mercers (plural). . . . nt

[Ptah]

17. it is possible that was the intention behind the contraction.

it seems that non-egotistical people don't get upset at receiving minor corrections

[Bernardo de La Paz]

18. I'm not upset. As I remarked in post #10, it is possible.

https://www.democraticunderground.com/?com=view_post&forum=1014&pid=1903523

It is a mistake if you think that a response automatically means a person is upset, especially if it was delivered in a completely neutral manner the way post 10 was (as have been my other responses).

[Wwcd]

12. This is petty & a lot creepy. Are you stalking me?

Just asking, because it is creepy .
Are you trying to alert on me?

Feels like stalking, that's why I ask.
There's pretty much no political point to your last posts to me, so..?

[Bernardo de La Paz]

15. No.

You made one post with two errors in 16 words.

I posted corrections in a calm even manner.

You objected to being corrected.

[paleotn]

26. Grammer police.

[petronius]

9. Not plural - isn't that the contraction of "Mercer has..."? (nt)

[Bernardo de La Paz]

10. Apparently not, since poster didn't contradict that point. Mercers (plural) have been noted

... almost always together in the news articles that have appeared in the last 16 months.

But fair point, it is possible that was the intention behind the contraction.

[Wwcd]

13. I felt it too petty to respond. I'm here for the political.

"Pettiness opens the door to the obvious"

Bye

[sandensea]

2. 'CEO of hedge fund'

Translation: Money launderer.

[Bernardo de La Paz]

5. No. I bet you have no credible link to show or even indicate RenTech might be laundering money.

Can we please stop on DU with the unfounded accusations? Too much tinfoil and wild speculation. I entertain myself by going to RW sites for such stuff. It is not entertaining to see it here on DU which I hope has higher standards.

[not fooled]

3. To say nothing

of bob mercer's overt racism and rampant crackpottery.

And, thanks for putting an unqualified boob in the WH and attempting to wreck the country, bob. Take your Cruella de Vil daughter and go crawl under a rock.

[Madam45for2923]

6. Mueller time coming to a Mercer near you!

[Bernardo de La Paz]

14. Good article on Mercers from HuffPo (I think it is a few months old and just republished)

http://highline.huffingtonpost.com/articles/en/mercers/

[nycbos]

19. They can make the next Bond villains based on this guy

[Sunlei]

20. RW extremists, nazis, kkk & all, will wither on the vine without big money backers.

[Sunlei]

21. Mercer said more then this media reports., he admited backing them was a "mistake""regrets"

Source: Washington Examiner

Billionaire Republican financier Robert Mercer Thursday is cutting all ties with conservative firebrand Milo Yiannopoulos and selling his shares in Breitbart News, which he has funded for years

......has long backed Breitbart and Yiannopoulos, said he hoped Yiannopoulos’ abrasive style and views outside the political mainstream would help people think for themselves. However, as Yiannopoulos moved closer to neo-Nazi and other racist groups, he now regrets supporting him.

[DeminPennswoods]

22. Bet the daughters will run everything he leaves them

into the ground within 12-18 months.

[Lucky Luciano]

24. His daughters are actually quite smart.

I wish they would not be involved with Breitbart.

[DeminPennswoods]

27. If they're involved with Breitbart

they aren't that smart...

[Lucky Luciano]

28. They are highly motivated and academically gifted - just like their dad.

They are definitely not emotionally intelligent - just like dad who is pretty much full blown Aspergers.

[DeminPennswoods]

29. If they don't have common sense, they're not smart

no matter how motivated or book smart they may be.

[Lucky Luciano]

30. I guess I am saying that they shouldn't be underestimated.

They are politically new to the game and were able to make the asshole president. Bekah was the implementer for daddy's evil plans. By hook or by crook, here we are. Note that Koch brothers and all the billionaires couldn't accomplish what they did after many more years and billions in political donations.

Last year, someone made fun of shithead's campaign using Cambridge analytica as a joke compared to the Clinton data juggernaut. I warned them in that post to be very careful if it is backed by Mercer who is pretty much the best data scientist in the world. They laughed it off...and here we are.

[DeminPennswoods]

31. fair enough

nt

[Saviolo]

23. Wow. Really. Mercer wanna cookie and a pat on the head?

Milo's been disgusting for years. You funded him when he was outing and doxxing trans youth at the schools you paid for him to speak at. You paid for him to be a horrible white nationalist. You paid for him to organize social media attacks on WOC actors like Leslie Jones just for being in Ghostbusters. You paid for him to give a platform and legitimacy for GamerGate to keep on doxxing and threatening women that disagreed with them on social media. You paid for him to be a pet gay for the far right to trot out every time they needed to be able to say, "No, see? We've got gay friends, too!!"

Here's a list of how disgusting Milo was before you managed to cut ties with him you enormous hypocrite, Mercer:
https://www.bitchmedia.org/article/bad-things-milo-yiannopoulos-has-done-case-his-new-publisher-cares-just-kidding-they-totally

And you didn't stop funding him because you don't like his form of expression, his ties to white nationalist groups, his islamophobia, his own personal white supremacy, or anything like that, you stopped funding him once it became obvious he was a pedophile apologist, just conveniently reinforcing the right wing's most disgusting and incorrect stereotype about gay men. You get no cookie, and you get no pat on the head. You funded Milo to do irreparable damage to the national political discourse, then kicked him to the curb when he finally was SO disgusting you couldn't afford to have ties with him any more. Get bent.

[cstanleytech]

25. Make you a bet that he will still provide financial support

but he will use 3rd parties like offshore llc's and political PACs to funnel the money.