Into the Spotlight
The holiday issue of The New Yorker caught my attention, as it profiled James Simons, arguably the greatest of all hedge fund managers. (Sorry, no link, as the article is paywalled.) Simons retired from Renaissance Technologies several years ago but still pocketed a cool $1.6 billion last year from his company ownership. That qualifies as a success.
The article was mostly concerned with his philanthropic work: Simons underwrites a computational organization called Flatiron Institute that helps scientists sort out the massive data bases that they have assembled but cannot properly mine. So, there weren’t many investment lessons to collect. But it did pique my curiosity to learn more about his flagship Medallion Fund.