Renaissance’s mathematican Jim Simons crushes both the S&P 500 index and successful investors like W. Buffett and G. Soros.

Renaissance’s mathematican Jim Simons crushes both the S&P 500 index and successful investors like W. Buffett and G. Soros. Jim Simons is the most successful money maker in the history of modern finance. Since 1988, his flagship Medallion hedge fund has scored average annual returns of 66% before charging investors hefty fees — and 39% after those fees. Berkshire Hathaway’s BRK.A, -0.05% BRK.B, -0.17% Warren Buffett, hedge-fund manager G. Soros, long-time Fidelity fund manager Peter Lynch and others who made their names by beating the S&P 500 index SPX, -0.58% and other benchmarks pale in comparison. Simons solved the market, amassing a $23 billion fortune along the way, with a radical and pioneering investing style. He built computer programs to digest torrents of market information and select ideal trades involving mostly stocks but also bonds and currencies. Simons and colleagues at his firm, Renaissance Technologies, sorted data and built sophisticated predictive algorithms years before Facebook FB, -1.77% M. Zuckerberg Google GOOG.

read more: https://www.marketwatch.com/story/turn-yourself-into-a-better-investor-by-learning-from-hedge-fund-star-jim-simonss-successes-and-failures-2019-11-07

January 3rd, 2020