Cruz is running for president of Iowa. Won’t last long after that.
On the one hand, Mercerâs support is fantastic for Cruz for all the obvious reasons (having a billionaire in your corner is nice). On the other hand, Mercerâs hedge fundâRenaissance Technologiesârecently faced an unflattering congressional investigation, the results of which indicated that it used complex and unorthodox financial structures to dramatically lower its tax burden.This drew scorching bipartisan criticism from investigators on the Senate Permanent Subcommittee on Investigations.