Today, we will be talking about one of the most successful hedge funds on Wall Street and the reason why we are covering this firm and the person behind this firm is called Jim Simons who launched the Quantum revolution and for anyone unfamiliar with Jim Simons, he is a brilliant minded mathematician who founded the hedge fund Renaissance Technologies using quantitate models.

Renaissance Technologies using quantitative models and with billions and the asset under management or AUM of Renaissance is average annualized returns of net 39% since 1988 is returns only become more spectacular once you actually discover that Renaissance and vs pay and management and performance fee of 5% and 44% therefore bringing the gross annualized returns to 66%.