Still having this issue for the past two updates despite installing and reinstalling both. I run in admin as well, but the editor just doesn't open after the splash screen. Trainer works perfectly fine for me.
Make sure trainer/editor/launcher is in a folder excluded from virus scans. Empty quarantine folder if needed or set anything trainer related (paths and EXE's) to ALLOW. Disable any Live/Active/Real-Time tools which may trigger false positives in security software which may terminate the game/trainer when it's activated or options used.
C:\Users\USERNAMEHERE\Cheathappens
may need to be added to exclusions as well. Run trainer as admin, read the instructions and try again.
Anti-virus help page. Link