A famously political mutual fund industry entrepreneur is throwing his weight behind Donald Trump.

Foster Friess Friess Associates Founder

The Hill reports that, per an email Foster Friess sent to them, the Friess Associates founder has decided to support the presumptive Republican nominee for U.S. President. USA Today also picked up on Friess' move. Friess Associates runs the Brandywine Funds [profile].

Friess passed the baton at his eponymous fund firm (which is backed by serial acquirer AMG) in 2002. In 2012, the retired not-quite-billionaire was a key backer of Republican presidential contender Rick Santorum. The Hill reports that Friess would've preferred Santorum this time around, too, yet the retired fundster says that "the choice is stark" between Trump and leading Democratic presidential candidate Hillary Clinton. 

Edited by: Neil Anderson, Managing Editor


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