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The hedge fund was named Medallion in honor of the math awards that Simons and Ax had won. [8] [9] Renaissance's flagship Medallion fund, which is run mostly for fund employees, [10] is famous for the best track record on Wall Street, returning more than 66 percent annualized before fees and 39 percent after fees over a 30-year span from 1988 ...
Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons was described as the "greatest investor on Wall Street", and more specifically "the most successful hedge fund manager of all time". [5] [6] [7] Simons was known for his studies on pattern recognition. [8]
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] He now serves on its board of directors. [6] Laufer earned US$125,000,000 in 2008, during the financial crisis of 2007–2008. [7]
Jim Simons, the legendary "Quant King" who founded Renaissance Technologies, died Friday at the age of 86, after forever changing Wall Street with his genius for math and finding patterns in data.
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 ...
Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. Simons was 86 years old.
The hedge fund he created, which eventually became known as Renaissance Technologies, pioneered the use of mathematical modeling — also known as quantitative trading — to pick stocks and other investments. The approach was wildly successful, helping Simons and his wife build over the years an estimated net worth of more than $30 billion.
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation's biggest philanthropists, has died at age 86. The ...