STTCOMP GTG TA Long
MC 37 million
12 Million in bank
Nasdaq listed
Medical device with a blockchain medical system to come online if the DCC crew succeed in hostile takeover which is in play with votes decided 25th january
New major shareholder this alone enough to at least put this one on the watchlist plus dcc crew initiating hostile takeover
Renaissance Technologies LLC is an East Setauket, New York-based
[4] American
hedge fund firm founded in 1982 by
James Simons, an award-winning mathematician and former
Cold War code breaker, which specializes in
systematic trading using quantitative models derived from mathematical and statistical analyses.
In 1988 the firm established its most profitable portfolio, the Medallion Fund, which used an improved and expanded form of
Leonard Baum's mathematical models, improved by algebraist
James Ax, to explore correlations from which they could profit. Simons and Ax started a hedge fund and named it Medallion in honor of the math awards that they had won.
[5][6]
Renaissance's flagship Medallion fund, which is run mostly for fund employees,
[7] "is famed for one of the best records in investing history, returning more than 35 percent annualized over a 20-year span".
[4] From 1994 through mid-2014 it averaged a 71.8% annual return.
[8] Renaissance offers two portfolios to outside investors—Renaissance Institutional Equities Fund (RIEF) and Renaissance Institutional Diversified Alpha (RIDA).
[9]
Simons ran Renaissance until his retirement in late 2009.
[10] The company is now jointly run by Peter Brown and
Robert Mercer, two
computer scientists specializing in
computational linguistics who joined Renaissance in 1993 from
IBM Research.
[1][9][11] Simons continues to play a role at the firm as non-executive chairman and remains invested in its funds, particularly the secretive and consistently profitable
black-box strategy known as Medallion.
[12] Because of the success of Renaissance in general and Medallion in particular, Simons has been described as the best money manager on earth.
[13][14][15] By October 2015, Renaissance had roughly $65 billion worth of assets under management, most of which belong to employees of the firm.
[16]
