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 to a recent article in The Wall Street Journal. While many investors are dealing with an exceedingly difficult year, Renaissance Technologies LLC is “racking up such huge gains that 2020 could be one of the hedge-fund firm’s best years ever,” the article says, noting that… Read More

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 up 20% annual returns since 1965, which is about double what the market returned over the same period. If you didn’t name Buffett, you might think of Peter Lynch, which would be another good choice. Lynch steered the Magellan Fund to a 29% return from… Read More

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 Quant Revolution.” Ritholtz describes the book about Simons, a former math professor and code breaker for the Institute of Defense Analyses, as “compelling, filled with so many fascinating characters and new information, that it demands a review.” Author Zuckerman reportedly spent over two years researching… Read More