The Data Science Behind the Man Who Solved the Market

[RahulKhanna]

Another interesting article on Jim Simmons and Ren Tech

The Data Science Behind the Man Who Solved the Market

The man who turned $100 dollars into $400 million

Ok, the title doesn’t cover everything. By now you all might have heard or read about the legend of Jim Simmons given the recent publishing of The Man Who Solved the Market: How Jim Simmons Launched the Quant Revolution. In case you haven’t, Jim Simmons is the founder of Renaissance Technologies, a quantitative hedge fund. What makes Ren Tech special is that medallion one of their funds has had a amazing return that defies all know logic in the markets. Since 1988, Medallion has returned 66% an…