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Quant fund12/28/2023 ![]() The narrower the time frame, the greater the inefficiencies in the market they were able to expose. Simons started transacting thousands of smaller bets just for a few days before the transactions moved in a favorable direction. Further, a team of computer scientists in Berkeley found repeatable & reliable short-term patterns in the market. Jim Simons, along with a fellow mathematician Rene Carmona translated their investment decisions into an algorithm. Simons, a mathematician, saw patterns where other fund managers saw randomness. Not just Warren Buffet and George Soros, even investors like Peter Lynch, Ray Dalio, and Steve Cohen do not even come close to beating percentage returns generated by Jim Simons. ![]() In absolute terms, Medallion Fund has earned a trading profit of more than $100bn since 1988. Since 1988, the Medallion Fund of Jim Simons has generated a return of 66% (pre-fees). The hedge fund of Jim Simons known as Renaissance Technologies is also known as “the greatest money-making machine of wall-street”. Instead, the pride belongs to a mathematician named Jim Simons. However, it would be interesting to note that neither of them qualifies to be the greatest investor (if percentage returns were the only criteria). Many hedge fund investors would call out George Soros! His highly profitable & contrarian currency bets have placed him at Mount Everest for his followers. Many investors would have one name, Warren Buffett! He has a cult-like following across the globe. Who would be known as the greatest investor in Human history?
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