Jim Simons: from academia to managing the world’s largest hedge fund

Its Medallion Fund–which uses computers and trading algorithms to invest in world markets–returned more than 50 percent in the first three quarters of 2007. It had about $6 billion in assets as of July 1. Simons registered that performance as subprime and related markets were collapsing, sending two mortgage-related …

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Jim Simons: from academia to managing the world’s largest hedge fund

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