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Renaissance Technologies LLC (also known as RenTech [4] or RenTec [5]) is an American hedge fund based in East Setauket, New York, [6] on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history.
[3] [4] The Wall Street Journal reported that TGS outbid Renaissance Technologies and Citadel LLC to hire a International Mathematical Olympiad gold medalist for $700,000 a year. [ 10 ] Charity
[13] [16] Jim Simons offered to double Peter Brown's and Robert Mercer's IBM salaries, so they went to work for Renaissance Technologies in 1993. [17] Brown and Mercer were responsible for hiring David Magerman in 1995. [ 18 ]
GameStop shares are up more than 93% for the week and up more than 300% over the last 10 trading days, potentially making Renaissance Technologies' stake now worth nearly $33.5 million if it kept ...
Since 1990, Renaissance Technologies has contributed $59,081,152 to federal campaigns and since 2001, and has spent $3,730,000 on lobbying as of 2016. [ 56 ] In August 2020, Simons donated $1.5 million to the Senate Majority PAC, a Democratic super-PAC.
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.
He is the principal benefactor of the Make America Number 1 super PAC. [9] In November 2017, Mercer announced he would step down from Renaissance Technologies and sell his stake in Breitbart News to his daughters. [10] He was the majority owner of SCL Group, a self-described "global elections management agency", [11] before it was dissolved in ...
Magerman spent two decades working for James Simons’s New York-based investment management company Renaissance Technologies, where he developed trading algorithms. [5] In 2017, Magerman publicly opposed the views of his boss, Robert Mercer, concerning politics and race issues in America. Mercer, the co-CEO of Renaissance Technology, suspended ...