You Searched For "medallion fund" and got 20 results
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1 min read
Jim Simons' Renaissance Technologies suffers $11 billion of client withdrawals in 7 months, report says
RenTech's clients are pulling out their money after the firm's three public funds posted their wors…
Theron Mohamed
1 min read
Jim Simons' RenTech fund has fielded over $5 billion of client withdrawals in under 10 weeks, report says
The former codebreaker's hedge fund posted double-digit losses in its three public funds last year …
Theron Mohamed
3 mins read
The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.
Renaissance Technologies CEO Peter Brown said IBM's "Deep Blue" chess computer was his idea, and he…
Theron Mohamed
1 min read
Jim Simons and Ken Griffin are among the top 10 highest-earning hedge-fund managers according to Institutional Investor
The world's top 10 hedge-fund managers made a whopping $19 billion in total last year, according to…
Natasha Dailey
2 mins read
Secretive hedge fund Renaissance Technologies' reportedly sees $15 billion in outflows despite double digit performance
Renaissance's three public hedge funds delivered negative returns in 2020, while its private Medall…
Matthew Fox
2 mins read
The CEO of a hedge fund that averaged 70% returns over 2 decades doesn't regret sleeping 2,000 nights in his office: 'I really don't see how I could do it otherwise'
"Of course, I really miss my family. But the freedom to concentrate nonstop on work while surrounde…
Phil Rosen
2 mins read
A Greenwich hedge fund is behind the mysterious buyer of the NYC 'Taxi King's' medallions
Of course, we can't say what MGPE's strategy with the medallions is - but there are more ways than…
Raul Hernandez
2 mins read
Robert Mercer and Renaissance Technologies insiders to pay as much as $7 billion to the IRS in one of the largest federal tax settlements in history
The settlement is one of the largest in history. James Simons, the founder of Renaissance, will pay…
Kelsey Vlamis
2 mins read
A mysterious hedge fund just scooped up the foreclosed medallions from New York City's 'Taxi King'
All 46 medallions - the metal plates on yellow cab hoods allowing them to legally pick up street-ha…
Raul Hernandez
2 mins read
A hedge fund manager who dominated the last financial crisis posted a 26% loss during March's violent sell-offs, new report says
Ali Lumsden posted a 73% gain betting against the mortgage market in 2007, but his securitized cred…
Ben Winck
1 min read
A secretive $120 billion hedge fund has bested Warren Buffett again and again. These are its 10 biggest holdings.
Renaissance Technologies, which was created by Jim Simons, counts Chipotle and Facebook among its l…
Theron Mohamed
3 mins read
For 30 years, Renaissance Technologies achieved 66% annualized returns. Here's how a group of academics with no trading experience became the most successful hedge fund in history.
Simons' search was unrelenting. Historical data was sequestered into tiny fragments, vetted tireles…
Christopher Competiello
1 min read
A secretive $73 billion fund offered staff the rare opportunity to invest - and then delivered a bumper return
While the figure isn't as high as comparable periods from 2015 and 2016 - when the fund saw returns…
Graham Rapier
2 mins read
The IRS Is Getting Serious About Cracking Down On Another Cherished Hedge Fund Tax Loophole
Tax planners started using derivatives to convert hedge funds’ short-term gains to long-term gains …
Linette Lopez
2 mins read
A secretive hedge fund firm that has legendary status on Wall Street is attracting new money
Renaissance, or RenTec for short, is one of the industry's most successful hedge fund firms, gainin…
Rachael Levy
8 mins read
Wall Street tried getting into higher education. Disaster ensued.
Private equity firms made billions off of higher education. Students were left with worthless degre…
Ryann Liebenthal
2 mins read
NYC is using Biden's stimulus to support taxi drivers, the homeless, and give artists $5,000 checks
NYC detailed extensive plans for using the $5.9 billion it got from Biden's American Rescue Plan. M…
Ayelet Sheffey
1 min read
10 things you need to know before the opening bell
This is what traders are talking about.
Shalini Nagarajan
2 mins read
The Dutch government accidentally published a list of George Soros's short bets
European Union rules in force since 2012 require hedge funds to disclose to the public short positi…
Ben Moshinsky
4 mins read
Congestion pricing could mark the beginning of the end of New York's famous yellow taxis
The old-school taxi business has been under assault in New York for some time, however, as Uber and…