What Does Renaissance Technologies Truly Do?

PanAgora and Renaissance Technologies are each investment management firms that use a quantitative-based investment strategy. This is full and total alter for the customers of the technologies due to the fact the old becomes obsolete and the new internet data-soup our present and ‘here’ and ‘now’. In a word: We are our technologies today Technologies are us. This maxim is correct and describes the condition of the customers of the new technologies aptly. Our dependency on these technologies and their methods erodes our ability to do something without and outdoors of these new merging and emergent technologies and strategies. Media ecology is the study of communication technologies as cultural environments.

I have, for example, no hostility toward new technologies and certainly no want to destroy them, particularly those technologies, like computer systems, that have captured the imagination of educators. It is that, contrary to standard wisdom, new technologies do not, by and massive, boost people’s choices but do just the opposite. I can go on with a thousand examples which demonstrate the point that new technologies drive old technologies out of enterprise which is to say that there is an imperialistic thrust to technology, a strong tendency to get everyone to conform to the needs of what is new.

What I am driving at is that the excellent problems of education are of a social and moral nature and have nothing to do with dazzling new technologies. In fact, the new technologies so loudly trumpeted in TECHNOS and in other venues are themselves not a resolution to anything, but a dilemma to be solved. The behavior of folks has changed and is somehow becoming conditioned by the gizmos they use, and the dictates of the methods embedded inside these technologies. Huge-scale information sets commonly stored on computers present numerous of the exact same troubles as memory-enhancing technologies.

The emergence and usage of present-day technologies need to have to be created to Man, and this is the core our indigenous culture – It is nicely-created and appropriate to the present-day Social media. For such theorists technological autonomy might refer mainly to the approaches in which a technologies apparently under control for the objective for which it is employed can have unpredictable and cumulative knock-on influences on the use of and ‘need’ for other technologies. Provide and distribution have been similarly revolutionized by the new technologies.

McLuhan writes: It is the persistent theme of this book that all technologies are extensions of our physical and nervous systems to increase power and speed” (90) and, Any extension, regardless of whether of skin, hand, or foot, impacts the complete psychic and social complicated. From the premise that media, or technologies (McLuhan’s approach makes media” and technology” a lot more or significantly less synonymous terms), are extensions of some physical, social, psychological, or intellectual function of humans, flows all of McLuhan’s subsequent ideas. Media ecology is a reminder that media technologies are not just plug-in devices.… Read the rest

A Rare Interview Of James Simons Of Renaissance Technologies Identified

The Leading 50 Little-Cap and Mid-Cap focused hedge funds now handle $125.7 billion in U.S. equity SMID assets, according to the most current ranking. These profits drove the improvement and the facilitated for the proliferation of nascent technologies. By craftily manipulating this approach of orchestrating and redirecting men’s attitudes and behaviors, these new technologies have been presented as the furtherance of democracy and modernizing of the way males communicated with their planet and the enhancement of their appreciation of these new gadgets. The frequent lie being that we are providing the folks what they want-the lie and myth that these new technologies will set us free of charge.

This was achieved by means of emerging and converging and old technologies about in the Media ecology by corporate media moguls and their minions, by dictating discourse and dominant ideas, leaving an unhappy population dominated by can be gleaned from the Social Media environs. The prospective for the new data and communication technologies for advertising intercultural understanding by way of fast information sharing, areas them at the cutting edge of details packaging that could support quell international tension.

Info sharing holds the very best prospect for the future in terms of the good impact of the new technologies on the promotion of intercultural communication and understanding. Noticed as utterings, technologies and therefore be noticed as utterances, as rhetorical tropes we use to express and improve our humanity, and can for that reason be read and analyzed for their cognitive, social and cultural effects. While they were warmly received by some residents, other people raised issues about poor solutions and unfulfilled promises in the delivery of housing, water and jobs.

Even though Ramaphosa was normally nicely received in the course of his walkabout in the Bloemfontein central business district yesterday, with young and old posing for photos with him, he was also confronted by disgruntled residents who demanded jobs and housing. In doing so, we are slowly forgetting and letting ourselves surrender to the present technologies and their embedded techniques.

This shift in metaphor matters even much more than the media that has prompted it. We will, of course, continue to use machines just as we will continue to use books, and so our material globe will remain layered with technologies of the previous as effectively as the present. But these of the generation referred to as the ‘natives’, those born into and grew up with the present technological techniques and their attendant features, are much more adapted and flowing along with these technologies.… Read the rest

Paul G. Broder Of Renaissance Technologies Corp

Richard Wilson is founder of Wilson Holding Company and the CEO of The Miami Family Workplace, a single family members workplace with $500M in assets, he runs the largest family workplace association globally, and is a bestselling author of The Single Family Office Book. So, when Greenblatt claims that the Renaissance effectively threw off the ‘constraints that centuries had constructed about curiosity, wish, individuality, sustained interest to the material globe, the claims of the physique…’ (p. 9), he supplies us with a sequence of superficial imaginings that may well however prove damaging to readers who, assured by the prize-winningness of this volume, assume they are becoming told one thing other than fiction.

Personally I think that the explanation Greenblatt and his fellow Renaissance enthusiasts with such contumacy compress the Middle Ages into a night of religious darkness shattered by the light of their favoured period, is just that being scholars of the period they adopt unquestioningly the parameters laid down by these who gave the Renaissance its name.

To my thoughts the heart of the issue is precisely that as lengthy as the Renaissance is regarded an historical truth rather than a gimmick of self-promotion and self-identification – very related to the Romantic movement of the late 1700s – this false divide amongst the Middle Ages and the Renaissance will be perpetuated and spawn further scholarship which warps the appreciation of historical complexity in the minds of the inexperienced reader.

To be sure, there are and will usually be excellent hedge funds, but picking them is not straightforward and yesterday’s superstars can turn out to be tomorrow’s losers This is why it really is insane to chase performance with no understanding why some techniques outperform in some environments and why handful of managers can consistently provide stellar outperformance.

PP: Actually the whole project has been conceived and built from the commence by functioning with each other with Alexander Neuwahl and Andrea Bernardoni, who have been researching and working for a extended time on Renaissance technologies – see They have published numerous books and scientific investigation on this theme and work with a scientific committee composed of the leading university researchers in the field of Renaissance technology.… Read the rest

Renaissance Technologies Corp

I read this article and discovered it quite intriguing, believed it may well be interesting for you. So the secret sauce of Medallion is discovering the short-term issues to exploit—which could or may not in portion deal with speech recognition, no less—however they do it. And be diversified in the proper positions with the threat management and/or luck that they’ve sailed via a lot of years fairly properly despite the quite higher leverage.

Because this book came out in June and has been reviewed extensively, in today’s post I will focus exclusively on the hedge fund manager and team I will by no means be capable to emulate sitting at my Dell Precision workstation but whose consistently higher returns stay a goal—James Simons and the mathematicians and scientists who function at Renaissance Technologies.

Simply because of this Democrat majority, the city tends to favor advances in Green Industries and green collar jobs, green urban projects, clean renewable power, aquaculture, public transportation, and greater numbers of jobs and far more jobs at a living wage adequate to live with adequate meals, shelter, clothing, transportation, childcare, and heath care.

According to the Bloomberg report the IRS is now apparently claiming Renaissance has deployed a strategy for its Medallion $10 billion fund that is not only unusually aggressive and creative but also over the boundaries of legitimacy, thereby skirting hundreds of millions of dollars in back tax liabilities each for James Simon himself and numerous of his investors going back a number of years, which ought to be clawed back- mentioned people with information of the matter.

A single of our most common expert portfolios is that of Jim Simons’ Renaissance Technologies Maintaining in thoughts that the fund conducts thousands of transactions every single quarter – in the most lately reported quarter ended March 31, it increased its position in 2,253 stocks and decreased its position in 1,243 – we’re taking a look at many stocks that are brand new to the fund.… Read the rest

Renaissance Technologies Closes $1 Bil Futures Hedge Fund

The advantage scientists bring into the game is much less their mathematical or computational skills than their ability to feel scientifically. The earliest known parachute design appears in an anonymous manuscript from 1470s Renaissance Italy it depicts a totally free-hanging man clutching a crossbar frame attached to a conical canopy. The prized incunables , which are testimony to the aesthetic taste and high technical competence of Renaissance book printers, are 1 lasting legacy of the fifteenth century. Há dois anos lí uma matéria sobre seu Hedge Fund, Renaissance Technologies, na qual dizia que mesmo era administrado por uma equipe multidisciplinar, com áreas que, até então, nada tem a ver com mercado.

Desde sua abertura em 1988, Medallion Fund, mais antigo produto da Renaissance, acumula retorno anual de 35,six% até ano passado. Segundo matéria da EuroMoney datada de março de 2008, Medallion rendeu two.480% a seus cotistas em um período de 11 anos encerrados no final de 1999. Dis/aggregation technologies can constrain function activities for the very same motives.

No ano em que praticamente todos perderam no mercado, a Renaissance Technologies lucrou US$ two,five bilhões, com impressionante retorno de 80% do Medallion. Em 2003, dois funcionários que haviam trabalhado na Renaissance revelaram alguns segredos de Simons. Ao longo dos anos, alguns argumentos pesam contra esta tese, como a overall performance ruim de Buffett em 2008, a queda do LTCM – Lengthy Term Capital Management – no final da década de 1990, ou a pausa de Soros alguns anos atrás.

It has been in a position to aid integrate them into society by way of communication devices and other assistive technologies. Technologies such as these have equipped disabled students with tools to go on to pursue secondary education possibilities, generate niches for other folks with disabilities within the workforce, and become self-sufficient members of society. As menial labor is outsourced to nations up and coming on the industrialized list…much more and much more Americans locate themselves out of operate and unable to land even minimum paying jobs.

DNA evidence to convict or exclude suspects as well as recognize victims, lasers and radars to locate human remains, surveillance via voice, video, or GPS tracking are just some of advancements law enforcement have stood to advantage as a result of novel technologies. Simons, the founder of $22 billion Renaissance Technologies has been channeling cash to deserving math and science teachers via his philanthropic organization, Math for America, which he began practically 20 years ago with his wife, Marilyn Simons. Jim Simons left Renaissance Technologies six years ago to function full time with the foundation.… Read the rest

Renaissance Technologies Firm Profile

Connecting selection makers to a dynamic network of details, men and women and concepts, Bloomberg swiftly and accurately delivers business and economic data, news and insight around the planet. For most of mankind’s history, we have lived in really little communities in which we knew everybody and everyone knew us. But progressively there grew to be far too a lot of of us, and our communities became as well massive and disparate for us to be in a position to feel a element of them, and our technologies have been unequal to the task of drawing us together.

The most concentrated mutual fund owner was the $two.four billion Legg Mason Chance Trust ( LMOPX ), the fund run by the legendary Bill Miller, according to Morningstar information by way of June 30. Miller’s fund very first bought shares either in or quickly following the IPO, but then quadrupled its stake in the initial quarter of this year, according to S&P Capital IQ. The moves confident like bottom fishing that paid off.

Man can only handle to escape the far reaching effects of the new techniques, gadgets and technologies by paying consideration to the truth that they are also completely element of their contemporary and contemporary culture, which when experienced and understood may empower all to handle the coming and already right here of the present technological future and societies which are all now clearly embedded/ensconced inside the World Wide Internet(Internet) – and have become extensions of ourselves.

What we see about ourselves when in employing these gadgets, is the total alter that has been wrought by the new technologies and how and why/exactly where and when we use these signifies of interconnectivity’s, we are changed by that action, as a result, in a technological society environ and realm, we are mechanized and technologized men and women.

The media or Web, for the duration of the Obama Presidential primaries provided us a glimpse into this problem, whereby cyber participants proved that the media in it’s present day format, can truly contribute towards loosening the grip technologies and media presentation and projection in the past had on us-exactly where we had been the silent viewing majority, to a chatter and interactive mass: keep in mind Tienamen Square, Iran, Youtube and so on.… Read the rest

James Simons’ Speech At MIT (Renaissance Technologies, Medallion Fund Founder)

So it is safest to just buy the SP500 and forget about it. And add a bond fund in your simple asset allocation relative to your investing time-frame and risk tolerance. With Clinton and other Democrats advertising their credentials with respect to protecting and expanding jobs for the middle class and connected advantages such as a reasonable retirement, an examination of Renaissance’s own retirement plan is telling. The notice basically granted an exemption to Renaissance that permits it to circumvent a key DOL rule that prevents organizations from putting more than a certain % of its own company stock into employees’ retirement accounts.

And here is the footnote to accompany its annual filing in which Renaissance states it has obtained an exemption from the DOL permitting it to not comply with the prohibited transaction rule. The final sentence is spectacular in its deception as it states the administrator (which is Renaissance) believes that it complies with requirements of the IRC or Internal Income Code. Lengthy Term Capital Management was the hedge fund founded (1994) by legendary Salomon bond trader John Meriwether with each other with Robert Merton and Myron Scholes, the Nobel prize-winning academics behind possibilities pricing theory.

Soon after many years of superb returns (more than 40% in one particular year), the fund blew up in the wake of the Russian debt default and had to be bailed out by a consortium of banks organized by the Fed (1998). In a tiny more than a year, the prime broker takes back its $9 billion, plus some extra funds for its troubles, and Renaissance requires back whatever was left, the $1 billion it had place in, minus the funds that the prime broker takes, plus any profits (or minus any losses).

Renaissance put some money into a pot, its prime broker place a lot far more income into the pot, Renaissance managed the pot, and later the prime broker got its funds back and Renaissance had the upside and the threat. At the end of the year, the prime broker’s loan is repaid with interest and fees, and Renaissance keeps the levered upside or downside in the account. But it writes a three-year American contact choice on the subsidiary’s performance to Renaissance. As an alternative, each and every option, every year, offered a cash payment to the hedge fund that exercised the selection. Em segundo lugar aparece Quantum Fund de George Soros, que conseguiu 1.700% no mesmo período.

Addendum: The book is about technologies globe-wide, and policies in the developed globe, specifically the background to feasible new nuclear create in the USA, UK and the rest of Europe. Nonetheless, as Bill says, there is no need for a renaissance in France, Russia, China, South Africa and India where nuclear fission reactor deployment is continuing and expanding.… Read the rest

Renaissance Technologies Corp.

Most countries that bloggers, who read the weblog, come from are listed in the graphic to the left, displaying their flags (proper mouse click then open in new tab to enlarge.. if we missed your country. A single of their algorithms determines whether or not a extremely large order is executed and front runs it. As a outcome Medallion experiences higher transaction charges and higher expenditures. So when Medallion reports a 50% return in a offered year, the return is really close to one hundred% for most of the fund’s investors. James Simons, the founder of Renaissance Technologies, a hedge fund, once said, Luck plays a meaningful part in everyone’s lives.” Simons, a 71-year-old former university professor and a celebrated mathematician, has been blessed with the stuff.

What makes this feat even much more amazing is that Simons, a single of the members of Alpha ‘s inaugural Hedge Fund Hall of Fame (June 2008), charges a fat 5 percent management charge and 44 percent overall performance charge. To put it another way, Medallion — which has about $7 billion in assets — was up practically 160 % before fees. So far this year, Medallion is up about 12%, amid losses for the overall marketplace.

So to cater to outdoors investors, Renaissance has given that 2005 marketed yet another mega fund” identified as the Renaissance Institutional Equities Fund (RIEF). Before its launch a tiny army of Renaissance PhDs—there are more than 70 on the payroll—back-tested RIEF’s performance with a simulated portfolio of $one hundred billion. The fund is designed to offer investors with smooth returns, the good results of which is measured against the S&P 500. But Simons is RIEF’s most significant investor, which offers him every single purpose to want to improve its performance.

The Renaissance Institutional Equities Fund started in mid-2005 and is provided as a fund for institutional investors. Renaissance manages a quantity of other funds in a variety of markets, including mortgage-backed securities and funds of external managed funds like the Renaissance Return Fund. In October, Simons started Renaissance Institutional Futures Fund, or RIFF, to invest in commodities.

Mr. Simons, whose net worth has been estimated at $two.five billion, has noticed Renaissance’s $5 billion flagship Medallion hedge fund earn an typical of 34% annually because it began in 1988, producing it the most productive fund in the course of the period. Then Medallion purchased an selection with a term of two years, whose worth was linked to the worth of the portfolio.… Read the rest

Renaissance Technologies To Shut Modest Hedge Fund

In a letter to investors that was sent out this Thursday, Simons announced that current co-Presidents Bob Mercer and Peter Brown would be taking more than as Co-CEOs of the organization. Their activities are typically classified under fancy hedge fund names such as ëstatistical arbitrageí or ëmanaged futuresí, but essentially these funds are market place makers. This consists of some of the most admired names in the hedge fund company such as D.E. Shaw, Renaissance, Citadel, and AHL, all of which are, not surprisingly, notorious for the sheer size of their daily trading volumes and their relatively constant alpha.

The invention of the printing press by the German goldsmith Johannes Gutenberg (1398-1468) is broadly regarded as the single most crucial event of the second millennium, 7 and is a single of the defining moments of the Renaissance. The earliest identified parachute style seems in an anonymous manuscript from 1470s Renaissance Italy 10 it depicts a cost-free-hanging man clutching a crossbar frame attached to a conical canopy.

The revived scientific spirit of the age can possibly be best exemplified by the voluminous corpus of technical drawings which the artist-engineers left behind, reflecting the wide variety of interests the Renaissance Homo universalis pursued. In America, it is common that a particular person must work two complete time jobs in order to make ends meet.

Renaissance engineers showed a robust proclivity to experimental study, drawing a selection of technical devices, a lot of of which appeared for the initial time in history on paper. Whilst earlier scholars showed a tendency to attribute inventions based on their 1st pictorial look to person Renaissance engineers, modern scholarship is more prone to view the devices as products of a technical evolution which typically went back to the Middle Ages. By all appearances, the notoriously secretive hedge fund approaches politics as it approaches investing: by hedging its bets.

Nuttall’s intelligent policy overview offers succinctly with concerns of nuclear safety, power economics, and waste management Wide-ranging and technically grounded, Nuclear Renaissance gives a useful introduction to the newly revitalized debate more than the part of nuclear energy in the years to come. Hence, in the GLOBE model, this dimension seeks to answer the question: do we encourage and reward members for improvement and excellence of functionality.… Read the rest

Renaissance Technologies Explained

Last year its Renaissance Institutional Futures Fund (RIFF) lost 3.17 %, versus a obtain of just 1.84 percent in 2011. 3 of the hedge funds top six largest holdings have paid steady or rising dividends for 25 or far more consecutive years: Colgate-Palmolive (CL), Hershey (HSY), and Becton, Dickinson & business (BDX). Renaissance sought to convert profit from Medallion’s fast trading into long-term capital gains, stated the individuals, who spoke on situation of anonymity because the dispute hasn’t been produced public. People are obtaining paid extraordinary amounts of cash for functionality that is mundane and extremely average.

Bloomberg : James H. Simons, who became a billionaire when he turned his extraordinary mathematical ability from defense perform to investing, has deployed an unusual method at Renaissance Technologies LLC to skirt hundreds of millions of dollars in taxes for himself and other investors, stated folks with expertise of the matter. It is demanding far more tax payments from investors in Renaissance’s $10 billion Medallion fund, the folks stated.

The best federal rate on long-term gains is about half that on quick-term.. As described in the memo and by men and women with knowledge of the matter, the transaction worked as follows: Barclays bought a portfolio of stocks and other instruments that fund managers at Renaissance wanted to trade. ESL’s prospects now rely upon the health of mass-marketplace retailer Sears Holdings Corp.

Medallion could claim it owned just one particular asset – the alternative – which it held for more than a year, enabling any obtain to be treated as long-term” when its investors reported the revenue on their personal tax returns. Last year the veteran Long Island hedge fund manager’s quant-driven Medallion hedge fund returned 29.5 % net. That was all the more exceptional offered the US$five.three billion fund’s five percent management charge and 44 % efficiency charge. Many hedge funds are run by teams of pointy-headed rocket scientists, but Renaissance Technologies Corp.

The firm’s new US$three.four billion Renaissance Institutional Equity Fund, which Simons says in an investor document has the capacity to deal with as a lot as US$one hundred billion in assets, got off to a slow start off last year, rising just 5 % from its August 1 inception by way of year-finish. RIEF’s gain in assets came as Simons moved Medallion ever closer to getting a closed portfolio for himself, his close friends and his employees.… Read the rest