You Know Who - Renaissance Watch

James · Post by **James** » Wed Jun 16, 2004 5:35 pm

Jim Simons runs the sort of house I expect the majority of us would like to be in. His style appears to be high-frequency of only deeply liquid futures.

But in all my readings about him, I still am not sure what approach he takes as he looks at historical data. My guess is that he has constructed a very large database of correlations across the most deeply liquid contracts and moves in and out of them accordingly. But still am not sure.

I suppose we've all read this:

http://www.charttricks.com/Articles/jim_simons.pdf

So, what do you think he does, and how does he do it.

I will leave 'why aren't we doing it?' to a conversation on the 'party plane' for the first one of us to buy a jet. Wink

chiral3 · Post by **chiral3** » Wed Jun 16, 2004 5:41 pm

See James, I thought that was a place that everyone of us would like to work, where they have tea and colloquia every friday (reminds me of running to IAS for lectures). Then everyone was like "Ah, HF. You'd be a DB jockey". They are very secretive, and I have never interviewed there. I live on the north shore of long island, and the thought of commuting in the opposite direction is very appealing (Setauket), not to metion that I am trying to get to a fund now. Regardless, I guess people are torn on what they think they do out there.

Crassus · Post by **Crassus** » Wed Jun 16, 2004 6:03 pm

I guess that he's not fooled by randomness.

DW · Post by DW » Thu Jun 17, 2004 2:52 pm

Whatever methodologies they are using it has certainly stirred some interest with their competitors. One rather well known hedge fund in chicago that I have undertaken some work for in the past was offering a sizeable bounty on anyone from Rentec, the same for the Timber Hill (Now part of IB) guys responsible for the automated equity vol trading systems.

DW · Post by DW » Thu Jun 17, 2004 2:58 pm

Also James - I dont suppose that in addition to the article you have on Jim Simmonds you might also have the Institutional Investor article on David Shaw? There is an equally interesting one on Ken Griffin too.

Johnny · Post by **Johnny** » Thu Jun 17, 2004 3:03 pm

I've read the Ken Griffin article, but not the David Shaw one. I'd be interested to read it if you've got it.

kr · Post by kr » Thu Jun 17, 2004 3:32 pm

is there a well-known hedge fund in chi whose name does NOT represent "a fortress in a commanding position in or near a city"?

RFMontraz · Post by **RFMontraz** » Thu Jun 17, 2004 3:55 pm

Could you also post the link to the Griffin article if you get hold of it? Thx dude.

James · Post by **James** » Thu Jun 17, 2004 4:08 pm

I pulled these up from 'dogpile'

Looks like Ren is goin web-silent, there are even fewer articles now than six months ago.

http://www.olsen.ch/center/papers/hedgefuture.pdf

This guy who runs this site, "Turtle Trader," is a crook, according to the original Turtles, but he does quote Shaw (from the Lux article). Since he ripped-off the Lux article without attribution, I think the 'crook' case is well-proved:

http://www.turtletrader.com/trader-simons.html

This article is a little helpful:

http://articles.findarticles.com/p/articles/mi_m1511/is_n10_v19/ai_21145382

I will find my old pdfs of the Simons articles I collected and up load them here when I do.

chiral3 · Post by **chiral3** » Thu Jun 17, 2004 4:18 pm

The funny thing is that I recognize words in those three links 1) from that one story written and 2) from their *old* website. That makes it two counted sources in history that I know of on rentec. Now only one exists.