Any person who takes the responsibility for managing and investing a billion dollars has to be extremely brave and self-assured. In spite of my reservations about the abilities and the arcane mathematical models and programmes that are employed in execution of investments by hedge fund managers, I am compelled to admit that a select few such as Stephen Cohen and James H. Simons of Renaissance Technologies do genuinely stand out.
There's no doubt that these two are a special pair even among the generally stellar crowd of hedge fund maestros. The similarities with others are numerous but Cohen and Simons seems to eschew public attention. Mr. Cohen likes to buy expensive pieces of art and supports art works generously while James Simons likes geometry and mathematics. Ben White of the FT writes this interesting profile of Mr. Simons. Granted that this piece hardly suffices in knowing much about him but it tells something about his interests and the diversity of PhDs that suffuse the firm. Medallion technologies charges 5 and 44 as opposed to the 2 and 20 rule and this raised no problem when outsiders were part of the subsidiary fund.
Am I alone in thinking that the campus, the gym and the consolidated computing power is quite akin to one Google?
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