James Simons

They teamed up to conquer Wall Street. Now, one is bankrolling Clinton and the other Trump

They teamed up to conquer Wall Street. Now, one is bankrolling Clinton and the other Trump

When Republican senators investigated a little-known San Francisco nonprofit steering as much as $50 million a year to climate change activists, the right-wing media outlet Breitbart News pounced on the report.

Breitbart branded the organization, the Sea Change Foundation, as a vehicle for “rich liberals who are secretly funding the green movement’s war on Western industrial civilization.”

As it turned out, though, the money to support both Sea Change and Breitbart came from the same place — Renaissance Technologies, a hedge fund based on Long Island, N.Y., churning astonishing profits with a formula of algorithms and equations...

31°