To accommodate the Trump rump?
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If ever there was an argument that the rich are too rich, itās the way theyāre buying up our nationās media.
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I donāt think Renaissance operates that way. They are an investment vehicle, not activist investors. They are far from Mercerās personal slush fundāhard core dem and founder Jim Simons probably owns as much Renaissance equity as Mercer, if not more. Co CEO Peter Brown is probably a Dem; He is married to Margaret Hamburg-head of Obamaās FDA.
If Mercer wanted to buy Time and turn it into a stinking pile of right wing garbage, he;d do it with his own money.
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2.5 million shares is a meaningless statistic, do we know what percentage of the company is now under the Mercerās influence?
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the Mercerās do not own Renaissance. there is plenty of Dem money in there too (including his co-CEO). Whatever this is, it is an investment move, not a political one.
RenTec is one of the best quantitative hedge funds out there. Jim Simons, the founder and legendary mathematician, is a big Dem contributor. If this was Mercer buying it personally than no doubt he would be trying to buy even more influence, but as is I think this is a nothing story. RenTec is not an activist investment group.
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Steve is a Jim, but you are right about RenTec
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I think Germans say āshit-stormā, not āScheiĆSturmā. Similar to us saying Weltschmerz or FahrvergnĆ¼gen. Iāve also seen āSturm aus ScheiĆeā
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Interesting. The Attention Economy will be the Distraction Economy after the Mercers are done with itā¦
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lol thanks, always conflate his name with a physicist in my field (which Jim heavily influenced)
These are dangerous people. Fascist philosophy
and deep pockets are a frightening combinationā¦
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To put it in perspective, total institutional shares of Time Inc. are 91,679,991.
But itās not a good sign when these two white supremacist, anti-democracy loonsāthe strangest father/daughter team in the history of American politics, except maybe Donald and Ivanka, who are more skeevy than they are outright strange-- get their claws into anything.
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The number of shares represents 2.5%. But see above well-considered posts from economides re the distinction between the Mercers and Renaissance.
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Your point is a good one. But their computer models must have come up with something not obvious to mere mortals to make them do this, because I aināt seeing it.
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Are you suggesting Time Magazine is a left leaning magazine? Not sure you are, but Time is fairly centrist and if anything center-right. Newsweek used to be in competition to Time and used to be considered center-left in its reporting regarding politics in particular.
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If you have a lot of money and you have it because you are smart, I can understand that you might believe someone like Donald might be good to support because he draws in minions, but only if you can control him some how when it actually comes to running things because if you canāt heās going to not only run things into the ground, but probably going to get a lot of folks killed, and a good possibility even you.
So these folks either have to be rich dumbasses like Donald or have some kind of control that they might be exercising that we just canāt see yet.
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375 different institutional investors own a total of 91,679,991 shares of Time, Inc.
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Russia? Actually I think Putin is crazy but knows what heās doing.
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If I understood what they were up to Iād be frickinā rich. 
Also, there is no way to know how long they are gonna be in this position. There a hundreds of holdings on that SEC filing. Are they in for days, months years? Probably some combo of all of that. These guys are at the highest echelon of program traders, they are not Buffett-like value investors, or Icahn like activist.
These guys are about making the shittiest of shitloads of money for the firm and then letting the partners do whatever they want with their moola. How else can you explain that Simons and Mercer work together
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