Breitbart Money Man Mercer Steps Back From RenTech, Not Politics
- Mercer quits as co-CEO and director; keeps research role
- Lesser role frees him to increase activism, person says
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Robert Mercer, the hedge fund titan who financed the nationalist movement that elected President Trump, stepped down from the helm of his investment firm amid intense criticism. But that doesn’t mean he’s finished with politics.
Mercer’s decision to resign as co-chief executive may insulate the $50 billion Renaissance Technologies from political controversy a year after Donald Trump won the White House. Mercer became a lightning rod for activists and drew criticism from at least one former executive at Renaissance.