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Hedge-Fund Chief Mercer Considers Appeal to Back Trump Super-PAC

Republican presidential candidate Donald Trump speaks at a campaign rally on June 1, 2016, in Sacramento, California.

Republican presidential candidate Donald Trump speaks at a campaign rally on June 1, 2016, in Sacramento, California.

Photographer: Elijah Nouvelage/Getty Images
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Powerful conservative donor Robert Mercer is considering an appeal from Donald Trump supporters to be a central part of a yet-to-be-formed super-PAC to support the presumptive Republican presidential nominee, a person familiar with the effort said.

Mercer, the co-CEO of New York hedge fund Renaissance Technologies, initially backed Texas Senator Ted Cruz for president. He is one of the biggest donors in the 2016 presidential race so far, federal records show.