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On July 22, 2014, Simons was subject to bipartisan condemnation by the U.S. Senate Permanent Subcommittee on Investigations for the use of complex basket options to shield day-to-day trading (usually subject to higher ordinary income tax rates) as long-term capital gains. "Renaissance Technologies was able to avoid paying more than $6 billion ...
Simons ran Renaissance until his retirement in late 2009. [14] He continued to play a role at the firm as non-executive chairman, which he stepped down from in 2021, [15] and remained invested in its funds, particularly the Medallion fund until his death in 2024. [16] The company is now run by Peter Brown (after Robert Mercer resigned).
Despite COVID-19's devastating impact, one legendary stock picker might have just cracked the market code. While the broader market tumbled, investing firm Renaissance Technologies and its founder ...
James Simons, who runs Renaissance Technologies, made $2.5 billion in 2009-- and $1.7 billion in 2006 and $2.5 billion in 2008. Making Big Profits -- at No Risk
In 2003 Simons announced that Brown and Mercer would become executive vice-presidents of the entire firm, co-managing with Simons himself. [24] In 2010 Simons made Brown and Mercer co-CEOS and retired. [25] In November 2017, Mercer announced that he would resign from Renaissance Technologies. [26] Since Mercer's resignation, Brown has been the ...
Nathaniel Simons (born 1966) is an American billionaire hedge fund manager and philanthropist. [1] [2] He is the founder of Meritage Group, an investment management firm managing over $12 billion in assets, co-founder of Prelude Ventures, a clean tech investment fund, and is the former co-chair of Renaissance Technologies, one of the largest hedge funds in the world.
Renaissance Capital has acted as organiser on a number of capital markets transactions in Russia, including: Beeline $127.4 mn IPO on NYSE in November 1996 – the first IPO out of Russia; [27] ALROSA $1.3bn IPO in October 2013 – the largest IPO ever on Moscow Exchange; [28] RUSAL $2.24 bn IPO in January 2010 – Hong Kong’s first ever ...
Other notables: Julia Koch & family ($59 billion); Renaissance Technologies founder Jim Simons ($28.1 billion); Blackstone chairman and CEO Stephen Schwarzman ($27.1 billion); Estee Lauder heir ...