13 April 2015

REPORT: 'Billionaire' Hedge Fund Manager
Quietly Bankrolling Ted Cruz's Campaign...

Cheboygan Daily Tribune:

Hedge fund magnate Robert Mercer, a reported billionaire, is the "main donor" bankrolling the super PACs supporting Sen. Ted Cruz's (R-Texas) presidential campaign, The New York Times reported Friday.

According to The Times, Mercer, "a reclusive Long Islander who started I.B.M. and made his fortune using computer patterns to outsmart the stock market, emerged this week as a key bankroller of Cruz's "surprisingly fast campaign start."

Cruz made headlines on Wednesday when the super PACs reported raising what Bloomberg described as a stunning $31 million in just a week.

"Cruz's presidential effort is getting into the shock-and-awe fundraising business," Bloomberg's Mark Halperin wrote. "Even in the context of a presidential campaign cycle in which the major party nominees are expected to raise more than $1.5 billion, Cruz's haul is eye-popping, one that instantly raises the stakes in the Republican fundraising contest."

Cruz's campaign was not expected to be so well funded, especially because the firebrand senator has repeatedly railed against the Republican establishment and "crony capitalism"...

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