MJ – As Democrats and Republicans battle for control of the Senate, hedge funds are dumping millions of dollars into congressional campaigns. Most of these companies are lining up behind one party or the other. But the second-biggest spender, Long Island-based Renaissance Technologies, is playing both sides of the aisle. As of early September, the firm’s CEO, Robert Mercer, had given $3.1 million to Republican candidates and super-PACs. Its founder and chairman, James Simons—a brilliant former National Security Agency code breaker—had donated $3.2 million to their Democratic counterparts.
Why Are These Hedge Fund Kingpins Dumping Millions Into the Midterms?
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