They limited the fund size so employees frequently got distributions from the fund instead of just rolling over their investments. However, the distributions were still in the millions of dollars.
They also got into some tax trouble with uncle sam and had to pay 7b in back taxes (https://www.wsj.com/articles/james-simons-robert-mercer-othe...)
Re:Jim Simons has died
by danielmarkbruce on Friday May 10, 2024 @02:14PM
(#40322096)
depends on your definition of "few". Rentech made a "few" for very large "few".
Re:Jim Simons has died
by paulpauper on Friday May 10, 2024 @04:41PM
(#40323584)
lol . Only made tens of billion. What a failure.
It's easy to make a few high margin dollars, hard to make a lot of high margin dollars.