James Simons, founder of Renaissance Technologies is a major contributor to Democratic super PACs. Renaissance Technologies has donated over $2 million to the campaign and Euclidean Capital, also owned by Simons, has given over $7 million.
James Simons was one of the top two hedge fund managers in 2015 and many other top dollar makers have joined the mathematician in supporting Hillary Clinton. James Simons has been labeled the smartest billionaire in the world but unlike his billionaire comrades, he never was one to switch alliances.
A number of deep pocketed elites have been giving up the donations because Hillary Clinton has been deemed the only candidate of either party that is establishment friendly. In response, the Clinton campaign has formed a group dubbed “Republicans for Clinton” to reach wealthy GOP donors.
Simons has always been a large donor to Priorities USA Action. He contributed $5 million to the super PAC when the focus was on President Obama. He has also donated $3 million to Majority PAC and $1.5 million to House Majority PAC, both pro-Democratic super PACs. While you will not hear Simons go on about his support of a particular candidate, he has said that he is not “seeking any publicity” in the matter and “the donations can speak for themselves.”
James Simons is not without controversy. The billionaire has been criticized and accused of a number of transgressions, including tax evasion. In 2009 and in 2014, Simons was questioned by investors on the dramatic performance gap of his funds and was condemned by both parties by the US Senate Permanent Subcommittee on Investigations for the use of complex barriers to shield day to day trading.