Michigan State students pressure school to divest from Robert Mercers hedge fund
DANIELLE MCLEAN OCT 26, 2017, 5:13 PM
Student and activist groups are calling on Michigan State University to stop investing $50 million of its endowment with right-wing billionaire Robert Mercer’s secretive hedge fund.
The push for the university to divest began after ThinkProgress revealed last week that Michigan State was among 12 wealthy institutions invested in Renaissance Technologies, the East Setauket, NY-based hedge fund whose co-CEO Mercer has been accused of having racist views and finances Breitbart, a website that traffics in white nationalism.
In response to the article, the student group Michigan State College Democrats started a Change.org. petition calling on the university’s Chief Investment Officer Philip Zecher to divest. As of Thursday afternoon, the petition has over 1,200 signatures.
“A lot of people have been pointing out that it’s the university’s job to make money and we appreciate that. But we think change can be made when enough businesses divest,” Eli Pales, a junior-year student and press secretary of the Michigan State College Democrats, told ThinkProgress. “When enough entities pull out of their fund, it will no longer be profitable for Renaissance Technologies to keep Robert Mercer in his position.”
https://thinkprogress.org/michigan-state-students-pressure-school-to-divest-from-robert-mercers-hedge-fund-0079cd3c9995/
This is from 3 days ago, but I feel that this important, to give support to the students and alumni, enough of the Mercers, making billions to generate right wing hate
= new reply since forum marked as read
