Robert Leroy Mercer (born July 11, 1946) is an American computer scientist, who was an early artificial intelligence researcher and developer, and former co-CEO of the hedge fund company Renaissance Technologies. Mercer played a key role in the campaign for the United Kingdom to leave the European Union by donating data analytics services to Nigel Farage. He is also a major funder of organizations supporting right-wing political causes in the United States, such as Breitbart News and Donald Trump's 2016 campaign for president. He is the principal benefactor of the Make America Number 1 super PAC. In November 2017, Mercer announced he would step down from Renaissance Technologies and sell his stake in Breitbart News to his daughters.
RANTOUL — Robert Mercer, 61, of Rantoul died Thursday (Oct. 14, 2021) at Carle Foundation Hospital, Urbana. No services will be held. Lux Memorial Chapel, 1551 E. Grove Ave., Rantoul, is in charge of arrangements.
Current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion in back-taxes, interest, and penalties to settle a long-running dispute with the Internal Revenue Service, the firm said, a tax settlement that may be the largest in history. James Simons —the quantitative-investing...
A new settlement with the Internal Revenue Service will require executives at Renaissance Technologies to pay “approximately $7 billion in back taxes, interest and penalties,” according to The Wall Street Journal. The settlement, which reportedly may be the largest ever of its kind, includes an additional $670 million contribution from James Simons, the billionaire founder of the quantitative hedge fund. Robert Mercer, a major backer of Donald Trump, is also a party in the deal. “We engaged for several years in the IRS Appeals process,” Renaissance’s CEO Peter Brown wrote in a letter obtained by the Journal. “Renaissance’s board eventually concluded that the interests of our investors from the relevant period would be best served by agreeing to this resolution.”
A group of current and former executives at pioneering hedge fund Renaissance Technologies have agreed to pay up to $7 billion in back taxes, interest, and penalties, the company told investors Thursday. The settlement ends a long dispute with the Internal Revenue Service over how some Renaissance funds booked short-term gains for tax purposes. It is one of the biggest tax settlement in U.S. history, if not the largest, The Wall Street Journal reports.