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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.
Nathaniel Simons (born 1966) is an American billionaire hedge fund manager and philanthropist. [1] [2] He is the founder of Meritage Group, an investment management firm managing over $12 billion in assets, co-founder of Prelude Ventures, a clean tech investment fund, and is the former co-chair of Renaissance Technologies, one of the largest hedge funds in the world.
Brown is a son of Henry B. R. Brown, who invented the world's first money market fund, the Reserve Fund. [2] Brown's great-grandfather was United States federal judge Addison Brown, who was also a botanist and a founder of the New York Botanical Garden.
He left Stony Brook in 1992 to join Renaissance Technologies. [4] In 2015, a conference was held for his 70th anniversary at Tsinghua University in China. [1] Laufer co-founded the Medallion Fund with Jim Simons in 1988. [5] Laufer served as chief scientist and vice president of research at Renaissance Technologies, its parent company. [6]
Robert Leroy Mercer (born July 11, 1946) [2] is an American hedge fund manager, computer scientist, and political donor. Mercer was an early artificial intelligence researcher and developer and is the former co-CEO of the hedge fund company Renaissance Technologies.
Magerman spent two decades working for James Simons’s New York-based investment management company Renaissance Technologies, where he developed trading algorithms. [5] In 2017, Magerman publicly opposed the views of his boss, Robert Mercer, concerning politics and race issues in America.
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.
The Medallion Fund, which has been available exclusively to current and past employees and their families, surged 80% in 2008 in spite of hefty fees; the Renaissance Institutional Equities Fund (RIEF), owned by outsiders, lost money in both 2008 and 2009; RIEF declined 16% in 2008.