TheStreet.com-I have nothing bad to say about hedge fund Renaissance Technologies, except that the folks there wouldn’t consider hiring me when I applied. I went to grad school and majored in computer science, but didn’t finish my studies.
Jim Simons, founder of Renaissance, was very polite and told me that they only hire Ph.D.s. So that’s why I didn’t land a job at the best hedge fund in the world.
It would’ve been a great experience to work there, because Renaissance is considered the most consistently successful hedge fund out there. It has averaged returns of 35% per year since 1989 after all fees. And those fees aren’t trivial: There is a 5% management fee and a 44% performance fee.
