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There was a Bloomberg article about this some years ago. Axcom was run by James Ax, and jointly owned by Ax & Simons. (Axcom was a 'trading advisor'. They ma
by auntienomen 12y ago
There was a Bloomberg article about this some years ago.
Axcom was run by James Ax, and jointly owned by Ax & Simons. (Axcom was a 'trading advisor'. They made recommendations to Renaissance, which managed a fund based on these recommendations.) Ax was in essence hired by Simons to explore & develop quantitative trading ideas Simons & Baum had come up with while they were making more traditional trades.
Berlekamp came along several years later, as a consultant. One can find claims that he developed a lot of RenTech's IP, but as far as I can tell these claims are sourced from Berlekamp himself. Since Berlekamp's own fund went out of business after a few years of operation, I'm inclined to dismiss these claims as marketing.
- vellum 12y ago> There was a Bloomberg article about this some years ago. http://www.bloomberg.com/apps/news?pid=nw&pname=mm_0108_story1.html http://www.bloomberg.com/apps/news?pid=nw&pname=mm_0108_stor...