Renaissance Technologies Corporation

Featured In The Book

Key Facts

Founded1991
Websitehttps://www.renfund.com/
HeadquartersLong Island, NY
Other OfficesLondon, New York, San Francisco
Employees300
AUM$97.0 billion
AUM as ofMarch 30, 2017
Clients20

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 $97.0 billion in assets under management as of March 30, 2017. Read their Plain English Brochure. 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) Type Strategies 2011 2012 2013 2014 2015 Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Gf Trading LLC 18.066 hedge fund 1,000 526 13.0 Deutsche Bank Securities Inc., JP Morgan, Morgan Stanley
Medallion Associates L.P. 4.556 hedge fund 10,000 5 74.0
Medallion Capital Investments Ltd. 1.677 hedge fund 10,000 64 71.0
Medallion Fund L.P. 6.359 hedge fund 10,000 330 62.0
Medallion Fund Rf LP 0.516 hedge fund 1,000 215 90.0
Medallion International Ltd. 0.023 hedge fund 10,000 18 6.0
Medallion Rmprf Fund, LP 0.032 hedge fund 1,000 63 84.0
Medallion USA L.P. 0.597 hedge fund 10,000 70 89.0
Renaissance Institutional Equities 2.600 None Long/Short 34.12 8.29 16.78 13.84 16.53
Renaissance Kaleidoscope Fund LLC 0.028 hedge fund 5,000 15 100.0
Renaissance Kaleidoscope Rf Fund LLC 0.031 hedge fund 1,000 12 100.0
Ridge Master Trading L.P. 3.776 hedge fund 1,000 185 4.0 Deutsche Bank Securities Inc., JP Morgan, Morgan Stanley
Rief Trading LLC 20.496 hedge fund 1,000 1035 14.0 Deutsche Bank Securities Inc., JP Morgan, Morgan Stanley

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

Key People

NameTitlePositionOwnership
Paul BroderVice President, Director Owner or OfficerNone
Peter BrownCo-Ceo, Co-President, Director Owner or OfficerNone
Henry LauferDirector Owner or OfficerNone
Robert MercerCo-Ceo, Co-President, Director Owner or OfficerNone
James RowenChief Operating Officer Owner or OfficerNone
Mendel SilberExecutive Vice President, Chief Compliance Officer, Chief Legal Officer, Chief Financial Officer, Director Owner or OfficerNone
James SimonsChairman Of The Board Owner or OfficerNone
Nathaniel SimonsVice Chairman, Director Owner or OfficerNone

Articles