Renaissance Technologies Corporation

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Key Facts

Founded1991
Websitehttp://www.rentec.com/
HeadquartersLong Island, NY
Other OfficesLondon, New York, San Francisco
Employees260
AUM$34.0 billion
AUM as ofJanuary 1, 2008

Overview

Renaissance Technologies Corporation is a hedge fund based in Long Island, NY with offices in London, New York, San Francisco. It was founded in 1991 by Jim Simons - a former Math professor at MIT and Harvard. They hold $34.0 billion in assets under management as of January 1, 2008. Highly quantitativehttp://www.ft.com/cms/s/0/077f79ee-ea57-11dc-b3c9-0000779fd2ac.html

Jim Simons was the third highest paid Hedge Fund Manager in 2007 with performance fees of $1.012 billionhttp://www.bloomberg.com/news/marketsmag/mm_0108_story2.html

Fourth largest hedge fund in Institutional Investor's 2008 Hedge Fund 100http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?LS=EMS204396


Articles

2/28/2008 $60 Million Gift Is a Record, for Stony Brook where Jim Simons was a department chair

8/2007 Jim Simons from Renaissanace Technologies awarded Most Talented Manager

5/22/2007 Renaissance hedge fund: Only scientists need apply

Sub Funds and Performance

NameAUM (bn) Strategies 2011 2012 2013 2014 2015 Prime Brokers
Renaissance Institutional Equities 2.600 Long/Short 34.12 8.29 16.78 13.84 16.53

Historical Performance

2009 Returns
* Instutional Equities Fund down 4.61% in February, 2009, bringing YTD to -8.84%.http://dealbreaker.com/2009/03/dear-investor-4.php

Medallion Fund up 73% in 2007
Institutional Equities Fund Down .2% in 2007http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?LS=EMS204396

It returned 40% in 2006http://media.ft.com/cms/02fd5a42-f338-11db-9845-000b5df10621.pdf

The $6 billion Medallion Fund returned over 33% over 15 years (to 2004)http://www.reuters.com/article/fundsFundsNews/idUSN2135575220070522

Articles