A hedge fund millionaire took a stand for his anti-Trump beliefs, and he could lose his job
New York Times
But that hasn't stopped David Magerman from voicing his disagreements with his boss on President Trump.
Magerman is a 20-year veteran at Renaissance Technologies, a legendary New York-based hedge fund with $32 billion in assets as of mid-year 2016, according to Hedge Fund Intelligence Billion Dollar Club ranking.
He told Gregory Zuckerman at the Wall Street Journal that his boss, hedge fund billionaire Robert Mercer, recently called him to inquire about those disagreements.
According to the Wall Street Journal, Mercer asked Magerman if it was true that he had referred to him as a white supremacist. Magerman denied that specific allegation, but he did challenge Mercer's role in President Trump's campaign. Mercer has been a big financial backer to Trump, and he, along with his daughter Rebekah, are close to Trump, Steve Bannon and Kellyanne Conway.
"If what you're doing is harming the country then you have to stop," Magerman reportedly told Mercer.
Magerman said he has increased his own political activity to "counteract" his boss. Magerman doesn't want to lose his job. But he said if he does, then he'd be able to devote even more time to political activism. From the WSJ:
"This is my life's work-I ran a group that wrote the trading system they still use," he said. "But I feel relieved I'm now doing something, and if they fire me, maybe it's for the best."
Read the full story at the WSJ »
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market