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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.
James Harris Simons (April 25, 1938 – May 10, 2024) was an American hedge fund manager, investor, mathematician, and philanthropist. [4] At the time of his death, Simons' net worth was estimated to be $31.4 billion, making him the 55th-richest person in the world. [4]
Around 1993, he suggested to IBM that the statistical method could be applied to finance, such as managing the $28 billion pension fund of IBM, but the suggestion was not taken up. [13] [16] Jim Simons offered to double Peter Brown's and Robert Mercer's IBM salaries, so they went to work for Renaissance Technologies in 1993. [17]
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.
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.
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]
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.