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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.
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 .
Simons founded a hedge fund management firm called Monemetrics, which he later renamed to Renaissance Technologies. He gradually realized that it should be possible to make mathematical models of the data he was collecting. After hiring mathematicians such as Leonard E. Baum and James Ax, Renaissance established the Medallion Fund in 1988. [29 ...
In three years the ERP gave away $12.4 billion (about 5% of the 1948 American GDP of $270 billion) for modernizing the economic and financial systems and rebuilding the industrial and human capital of war-torn Europe, including Britain, Germany, France, Italy and smaller nations.
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 ...
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 ...
Dr. Robert J. Frey is a former Managing Director of Renaissance Technologies Corp (1992–2004) and presently serves as a Research Professor on the faculty of Stony Brook University where he is the Founder and Director of the Program in Quantitative Finance within the Department of Applied Mathematics and Statistics.
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]