Renaissance Technologies Explained

Renaissance Technologies is an East Setauket, New York-based American investment management firm founded in 1982 by James Simons, an award-winning mathematician and former Cold War code breaker, which specializes in systematic trading using quantitative models derived from mathematical and statistical analyses. Renaissance is one of the hedge funds using quantitative trading — known as “quant hedge funds” — that rely heavily on powerful computers and sophisticated mathematics to guide investment strategies. (Everything Explained Today)

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The Quants Are Taking Over Wall Street

Today, Two Sigma is the fastest growing hedge fund on Wall Street. It manages some $35 billion and made its two founders, Siegel and John Overdeck, billionaires themselves. Quant funds like those managed by Two Sigma and Renaissance Technologies have been consistently posting solid returns in recent years while most other hedge fund strategies centered around the trading decisions of human beings have struggled mightily. (Forbes)

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This Legendary Hedge Fund Hopes to Use Physics to Battle Wall Street’s Speed Demons

Renaissance Technologies, the investment fund known for its ultra-educated workforce and quant trading style, has a plan to beat high frequency traders at their own game. Their plan involves algorithms, servers and the world’s most accurate timekeeper currently used for GPS satellites and deep space exploration, the atomic clock. (Fortune)

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