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James Simons founded Renaissance in the early 80s (ish). He brought on Robert Mercer from IBM later. Then Mercer took the helm when Simons retired around 2010,
by throwawaymath 8y ago
James Simons founded Renaissance in the early 80s (ish). He brought on Robert Mercer from IBM later. Then Mercer took the helm when Simons retired around 2010, if I recall correctly. Mercer himself stepped down last year (likely due to political blowback from the rest of the firm).
So the short answer to what you're asking: yes.
- auntienomen 8y agoI think the short answer is: kinda. Mercer was co-CEO, with Peter Brown. He was demoted when his political activities impacted recruitment. My understanding is that Simons is still holds the majority of RenTec shares, with Mercer around 3rd place. RenTec made Mercer rich, but it is isn't his.
- throwawaymath 8y agoI agree with you. I'm responding to what I think is the spirit of the question. These days if someone is asking about RenTech in the context of Mercer, they're doing so because they're mostly heard about the firm as an auxiliary topic to Mercer's political activity. And last I was aware, yes, Simons still has the majority of shares. If I recall correctly that's publicly disclosed though.