With an apologetic air ill-fitting someone who has financed so much misery and mayhem, billionaire financier Robert Mercer bailed out of the Renaissance Technologies hedge fund today. But not before throwing Breitbart.com, Steve Bannon and Milo Yiannopolous under the southbound express bus to Loserville.
New York Magazine reported today that Mercer — part owner of Cambridge Analytica, major funder of the Trump Campaign, the provider of the big bag of money that Steve Bannon sits on as if it were the Iron Throne — basically said, “Whoops! My bad!” while scraping his connections to the Breitbart universe off the soles of his shoes.
In the letter, Bloomberg reports, Mercer cited “personal reasons” for wanting to sell his stake in Breitbart News, and took issue with the idea that he “marches in lockstep” with Bannon. Mercer also repudiates Milo Yiannopoulos in the letter. The former Breitbart News tech editor and professional troll “caused pain and divisiveness,” Mercer wrote, “undermining the open and productive discourse that I had hoped to facilitate.”
Wow, incredible statement from Bob Mercer — on Bannon, Milo, Breitbart: pic.twitter.com/6oSPpYlB7o
— Joshua Green (@JoshuaGreen) November 2, 2017
Whether or not this sudden move has anything to do with the revelation that Special Prosecutor Robert Mueller had Trump campaigner and convicted cooperating stoolie George Papadopoulus wired for sound since July has yet to be determined.
Seems likely, though…
— Public Integrity (@Publici) November 2, 2017
Mercer is leaving Renaissance Technologies after drawing an unwelcome spotlight onto the firm. Last week, a group called Sleeping Giants began a campaign to convince pension funds and universities to divest from the hedge fund because of Mercer’s relationship with Breitbart. “While Steve Bannon gets much of the spotlight for his inflammatory website Breitbart News, it is the billionaire investor, Robert Mercer, who is responsible for growing the scale and reach the site’s racist agenda has today,” the group said in a statement.
Breitbart News was only part of the vast conservative empire established by Mercer and his daughter Rebekah. His fortune funded PACs, think tanks, lobbying groups, and tech firms, many of which would eventually go to work for Trump.
More rat-shaped holes in the water.