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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.
An article published in The New York Times in 2015 said that Simons was involved in one of the biggest tax battles of the year, with Renaissance Technologies being "under review by the IRS over a loophole that saved their fund an estimated $6.8 billion in taxes over roughly a decade."
Renaissance technology was the set of European artifacts and inventions which spread through the Renaissance period, roughly the 14th century through the 16th century. The era is marked by profound technical advancements such as the printing press , linear perspective in drawing , patent law , double shell domes and bastion fortresses .
Renaissance's main fund, Medallion, earned 39% per year on average from 1989 to 2006. [6] A bipartisan Senate panel estimated in 2014 that Medallion investors underpaid their taxes by some $6.8 billion over more than a decade by masking short-term gains as long-term returns. [20] [21] As of 2014, Renaissance managed $25 billion in assets. [2]
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 ...
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 ...
The Birth of Classical Europe: A History from Troy to Augustine (2011) by Simon Price and Peter Thonemann; The Inheritance of Rome: Europe 400–1000 (2010) by Chris Wickham; Europe in the High Middle Ages (2004) by William Chester Jordan; Renaissance Europe (Forthcoming) by Anthony Grafton; Christendom Destroyed: Europe 1517–1648 (2015) by ...
He left Stony Brook in 1992 to join Renaissance Technologies. [4] In 2015, a conference was held for his 70th anniversary at Tsinghua University in China. [1] Laufer co-founded the Medallion Fund with Jim Simons in 1988. [5] Laufer served as chief scientist and vice president of research at Renaissance Technologies, its parent company. [6]