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Renaissance Technologies (the hedge fund) is the classic example of someone who "has a winning system". Funnily enough, they don't share it, indeed, they guard
by jaggederest 8y ago
Renaissance Technologies (the hedge fund) is the classic example of someone who "has a winning system". Funnily enough, they don't share it, indeed, they guard it zealously.
- jjoonathan 8y agoAren't those the guys running the meta-ponzi, where they juice the PR / founder funds with returns from sucker funds, but they do the transfers entirely through clever trading that has so far been sufficient to hide from regulatory action?
- jaggederest 8y agoYou're thinking of Renaissance Capital, maybe, which is a different company AFAIK. I don't know anything about them except that they have a confusingly similar name to Simons' firm and that he does not appear associated.
- jjoonathan 8y agoNo, I don't believe I am thinking of Renaissance Capital.
- jaggederest 8y agoOh, I see what you're saying. Yes, possibly, no idea. Renaissance Capital is also in the business of providing liquidity to the founders of companies so extra confusing.