In your interest.
Online Personal Finance Magazine
No beating about the bush.
The world’s second largest hedge fund is run on an interesting philosophy
Bridgewater Associates is probably the world’s second largest hedge fund group. Its single-manager fund had assets of $20.9 billion on June 30, 2006 according the magazine Alpha beaten narrowly by Goldman Sachs which had assets of $21 billion. In all, Bridegewater oversees some $141 billion of assets. Since it was...
Debashis Basu sketches how a mathematician runs the word’s most successful hedge fund
In our last issue we profiled Jim Simons, one of the most successful traders of the world, who remains virtually unknown even in his own country. His firm, Renaissance Technologies, is intensely secretive even though it manages $12 billion. It had a website showcasing basic facts about the firm. The site no...
The “best money manager on earth” is a mathematician, says Debashis Basu
"T"he advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke” - Jim Simons, President, Renaissance Technologies
Can somebody who holds...