#1 James Simons
Age: 69
Firm: Renaissance Technologies
Headquarters: East Setaucket, N.Y.
Earnings: $1,500 million
Primary source of earnings: Simon's Medallion fund returned 44% after fees on average assets of $6.4 billion, while the fast-growing Renaissance Institutional fund returned 21% on $9.1 billion. By owning an estimated 40% of the firm and reaping investor fees of more than twice the typical hedge fund, Simons ran away with the top spot.
Did you know?
Simons worked as a code breaker for the U.S. Department of Defense during the Vietnam War
clipped from www.forbes.com
No comments:
Post a Comment