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A comment on D.E. Shaw and how computer geeks and English majors transformed Wall St. (2018). Parent comment

Re:D.E. Shaw and how computer geeks and English majors trans... by admin_account on Saturday July 25, 2020 @04:21PM (#23952094)
Jim Simons/Renaissance were the first great quant hedge fund. For the last 30 years their annualized returns, after fees, is 39%.
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Re:D.E. Shaw and how computer geeks and English majors trans... by hchz on Saturday July 25, 2020 @04:57PM (#23952356)
The medallion fund began at Axcom under Elwyn Berlekamp and RenTech bought it.

https://en.wikipedia.org/wiki/Elwyn_Berlekamp https://en.wikipedia.org/w/index.php?title=Axcom_Trading_Adv...

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Re:D.E. Shaw and how computer geeks and English majors trans... by auntienomen on Saturday July 25, 2020 @06:15PM (#23952817)
Rather more precisely, Simons hired Ax to pursue a dream he'd first had with Baum in the 70s, using math to predict markets. Ax had some success, but the Medallion Fund didn't take off until after he left. Berlekamp gets a little credit, but wasn't really there long enough to have major impact. If you want to know who did the real work, figure out who Simons paid the most.
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Re:D.E. Shaw and how computer geeks and English majors trans... by objektif on Saturday July 25, 2020 @06:56PM (#23953031)
Who did he pay the most?
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Re:D.E. Shaw and how computer geeks and English majors trans... by smabie on Saturday July 25, 2020 @05:07PM (#23952430)
And before fees, like 80-100%. But PNP came before RenTec and Medallion.
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