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Hudson River Trading > James Simons > Flashcards

James Simons Flashcards

1
Q

Where is Renaissance Technologies headquartered?

A

East Setauket, New York

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2
Q

Who are James Simons’ co-CEOs?

A

Robert Mercer

Peter Brown

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3
Q

What is Renaissance most famous product?

A

the Medalion Fund

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4
Q

Who is James Simons?

A

An award winning mathematician and former Cold War code breaker.

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5
Q

What do you call hedge funds that use quantitative trading?

A

Quant hedge funds

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6
Q

When was the medallion fund established?

A

1988

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7
Q

What is the medallion fund based on?

A

Leonard Baum’s mathematical models and pioneering algebraist James Ax’s improvements to those models

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8
Q

What is the medallion fund’s record?

A

35 percent annualized return over a 20 year span, with a 71% annual return from 1994 to 2014.

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9
Q

When did Simons retire from Renaissance?

A

2009

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10
Q

Where did Robert Mercer and Peter Brown come from?

A

IBM

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11
Q

Where was James Simons the chair of the department of mathematics?

A

Stony Brook University

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12
Q

What prize did Simons win in 1976?

A

Oswald Veblen Prize of the American Mathematical Society

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13
Q

What is the Oswald Veben Prize?

A

The highest honor in geometry

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14
Q

Which of Simons’s projects helps define esoteric aspects of modern physics including how invisible fields like that of gravity interact with matter to produce everything from superstrings to black holes?

A

Chern-Simons theory

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15
Q

What scale is Renaissance’s database?

A

Petabyte

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16
Q

Renassance uses computer-based models to predict___

A

price changes in easily traded financial instrumetns.

17
Q

The models that renaissance uses are based on analyzing as much data as can be gathered, ___

A

then looking for non-random movements to make predictions.

18
Q

What is Renaissance’s latest fund?

A

the Renaissance Institutional Equities Fund (RIEF)

19
Q

It is a widely held belief within Renaissance that the ______ is to blame for poor investor returns.

A

herdlike mentality among business school graduates

20
Q

The firm is famous for these three things involving employees

A

non-existent personnel turnover

stringent intellectual property obligations including iron clad non-compete and non-disclosure agreements

ability to recruit and retain top scientific talent

21
Q

What was Simons’ first business venture called and when did he start it?

A

Monometrics

1978

22
Q

Who was James Simons first recruit?

A

Leonard Baum, a cryptoanalyst from IDA who was the co-author of the Baum-Welch algorithm

23
Q

Where did Simons find pioneering algebraist James Ax?

A

Cornell University

24
Q

What was the medallion fund’s predecessor called?

A

Axcom Ltd., run by James Ax

25
Q

Which fund is second to medallion in returns?

A

Soros’ Quantum Fund

26
Q

What four major traders is Simons better than?

A

George Soros
Mark Kingdon
Bruce Kovner
Monroe Trout

27
Q

Where and when was James Simon born?

A

1938 in Newton, Massachusetts

28
Q

What schools did James Simons attend?

A

UC Berkley

MIT

29
Q

How much is James Simons worth?

A

16 Billion

30
Q

Who is the Chern in the Chern-Simons form?

A

Shiing-Shen Chern

31
Q

How many children did James Simon have?

A

5, two of them were killed, one drowned and one in a car crash.

32
Q

What did James Simons’ father do?

A

He owned a shoe factory.

33
Q

Where did James Simons grow up?

A

In Brookline, Mass

34
Q

When did Simons found Math for America?

A

January 2004

35
Q

What contribution did James Simons make to Stonybrook University in 2006?

A

25 million dollars, the largest donation ever to a state university of new york school

but then in 2008 he gave 60 million to fund the simons center for geometry and physics

36
Q

How much has Simons donated to Hilary’s super Pac?

A

7 million

37
Q

What about James Simons yacht?

A

It’s a motor yacht named “Archimedes” built at the dutch yacht builder Royal Van Lent and delivered to him in 2008

38
Q

James Simon founded _______ in _______.

A

Renaissance Technologies LLC

1982

Hudson River Trading (12 decks)

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