Is Rentech really a hedge fund?
Does anyone have any thoughts on this though?
Renaissance Technologies is a company by and for scientists. They boast that there is no hiring MBAs. They employ mathematicians, physicists, signal processing experts, and statisticians.
Not much is known about their strategies besides their focus on mathematical models and programming. They are the second largest hedge fund by AUM. They currently have 84 billion under management.
from certified user @GoodBread on founder and and manager Jim Simons.
Generally speaking, his team looks for statistical patterns that can be exploited and uses a modified Kelly Criterion to size trades. He's been managing mostly his own money for 30 years and compounding at 40% does wonders for your bank account.
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