Featured In The Book
Key Facts
| Founded | 1991 |
| Website | http://www.rentec.com/ |
| Headquarters | Long Island, NY |
| Other Offices | London, New York, San Francisco |
| Employees | 260 |
| AUM | $34.0 billion |
| AUM as of | January 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.htmlJim 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
| Name | AUM (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
- 11/21/2016 Inside a Moneymaking Machine Like No Other
- 10/11/2016 Renaissance Technologies: Hedge Fund on a $7 Billion Winning Streak