You’re not going to believe who this major Ted Cruz donor is now funding in the race to the White House. If you were a Cruz supporter, are you OK with this?
Renaissance Technologies, a hedge fund founded by billionaire James Simons, donated over $13 million to Sen. Ted Cruz’s failed presidential campaign. For a guy who’s supposed to be pretty smart with his money, the ROI on that one has got to sting.
Nevertheless, now that Mr. Cruz is out of the race, Mr. Simons has begun pouring millions of dollars into Hillary Clinton‘s campaign, with Renaissance Technologies donating over $2 million to Ms. Clinton so far this election cycle. Euclidean Capital—also owned by Mr. Simons—has given the Clinton campaignover $7 million in contributions, and such 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.
Mr. Simons isn’t the only wealthy donor making the move. A number of deep-pocketed elite have given up trying to buy off Republican politicians in order to support Ms. Clinton—the only establishment-friendly candidate of either party remaining in the race. In response, the Clinton campaign has assembled a group dubbed “Republicans for Hillary” to reach wealthy GOP donors.
Ms Clinton not only shares over 60 of the same donors with the former Republican candidate Jeb Bush but is also making new efforts to court additional Bush family donors, according to a recent Politicoreport.
During the Democratic primary, Ms. Clinton branded herself as the pragmatic, realistic progressive choice for Democrats. Now with a comfortable lead in pledged delegates over Mr. Sanders, Ms. Clinton is moving back toward a moderate position in order to garner support from moderate Republicans and Independent voters.
Read more: The Observer