After posting its worst-ever returns, clients of investing giant Renaissance Technologies have asked for $5 billion in redemptions since December and are poised to “yank another $1.65 billion this month,”…
Tag: Renaissance Technologies
Renaissance Technologies’ Chairman James Simons Steps Down
In the wake of weak performance for clients and strong gains for Renaissance Technologies employees, chairman James Simons is stepping back from managing his hedge fund. This according to a…
Investing’s Real Magic Formula: Compounding
“When it comes to saving, investing, and the power of compounding, starting earlier is better – a lot better.” – Joel Greenblatt The quote is not taken from Joel Greenblatt’s…
Amid Tumult, Renaissance Medallion Fund Gains 24% to Date
Jim Simon’s Medallion hedge fund was up nearly 10% in March alone and 24% so far this year as global stock markets have pummeled amid the coronavirus pandemic. This according…
Five Questions: The Man Who Solved the Market with Gregory Zuckerman
If I asked you to name the greatest investor of all time, you would likely immediately think of Warren Buffett. And there is good reason for that. Buffett has put…
Jim Simons and the Best Hedge Fund Ever
In a recent Bloomberg article, columnist Barry Ritholtz reviews the new book by Wall Street Journal reporter Greg Zuckerman, “The Man Who Solved the Market: How Jim Simons Launched the…