Meet The Hedge Fund Puppetmaster Behind The US Presidential Election

From Zero Hedge:

In the world of hedge funds, few have achieved as much consistent success and profitable returns as Jim Simon’s Renaissance Technologies, the multi-billion fund which unleashed and popularized quant investing, and whose legendary “Medallion” fund, run mostly for fund employees, has been the object of LP lust for years. However, just as notable is that Jim Simons, who Forbes calculated recently is the 50th richest person in the world and who made $1.7 billion last year alone, is not only a prominent Democratic donor, but has been one of the most generous sponsors of Hillary Clinton’s presidential campaign.

 

A recent analysis by the WSJ calculated that, of the $48.5 million donated by hedge funds to the Hillary presidential campaign, Renaissance, and mostly Jim Simons, is the second most generous with $9.5 million, a runner up only to Saban Capital Group with $10 million, followed by such Democrat stalwarts as Paloma Partners ($8.1 million), the Pritzker Group ($7.9 million), and of course Soros ($7.9 million).

To be sure, Simons’ appreciation of Clinton has been duly noted in the past, most recently by the Observer:

Mr. Simons’ Rennaissance Technologies has begun pouring millions of dollars into Hillary Clinton‘s campaign, as the hedge fund has donated over $2 million to Ms. Clinton so far this election cycle. Euclidean Capital—also owned by Mr. Simons—has given the Clinton campaign over $7 million in contributions, and the figures are likely to increase as Ms. Clinton slowly transitions her attention from Democratic Primary opponent Bernie Sanders to the presumptive Republican presidential nominee, Donald Trump. Renaissance Technologies was called out by Senator John McCain in 2014 for evading nearly $6 billion in taxes by disguising day-to-day investments as long term investments, and in 2015, Bloomberg ran an <a href="http://www.bloomberg.com/news/articles/2015-06-16/how-an-exclusive-hedge-fund-turbocharged-retirement-plan" …

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