Billionaire Investor Robert Mercer To Step Down From Firm, Selling Stake In Breitbart

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Billionaire Investor Robert Mercer To Step Down From Firm, Selling Stake In Breitbart

Wealthy donor Robert Mercer, whose money helped elect President Trump, is stepping down from the giant hedge fund he co-heads and is selling his stake in the conservative website Breitbart News to his daughters.

In a letter sent Thursday to his investors at Renaissance Technologies LLC, Mercer, 71, defended his brand of libertarian politics, but also expressed regret for his support of controversial former Breitbart editor Milo Yiannopoulos.

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