Hedge Fund News From HedgeCo.Net


Hedge Firm Says Chief Will Retire

NYT – James H. Simons, one of the most respected money managers in the hedge fund industry, told investors Thursday he planned to step down from day-to-day management of Renaissance Technologies, the firm he founded over 30 years ago.

Mr. Simons, 71, plans to become the nonexecutive chairman of Renaissance on Jan. 1 but will remain the firm’s majority shareholder and participate in all major corporate decisions, he said in a letter to investors.

Peter Brown and Robert Mercer, who have been co-presidents of the firm, will be elevated to co-chief executives and have responsibility for the firm’s 300 employees.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , , . Bookmark the permalink.

Leave a Reply