Jim Simons announced to employees today that he will retire from his role as CEO of Renaissance Technologies, a person familiar with firm has confirmed to Dealbreaker. Current co-presidents Peter Brown and Robert Mercer will be named co-CEO’s as of January 1, 2010 (Simons will remain non-executive chairman). Simons will remain the largest shareholder at the fund and will keep “sizable investments in RIEF and RIFF.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Kind of a greggy move to omit the pic dont you think?
@1 can you honestly kill yourself. a story like this doesn’t need a post.
thank you my love
1
nice scoop levin
which news outlet will be the first to rip this off from db without attribution? bberg? nyp? that other blog?
bess levin ftw
i’ve never giggled before in my life
-chaz
Say, isn’t that the guy …
that fag is not my type.
-LSMFT
that fag is not my type.
-LSMFT
Another one bites the dust at the prospect of having to spend years getting back to high water marks
Another one bites the dust at the prospect of having to spend years getting back to high water marks
The winner of the ripoff from DB award goes to:
18:03ET BRIEF-Renaissance Technologies’ Simons to retire-WSJ
The WSJ.
Runner Up:
BRIEF-Renaissance Technologies’ Simons to retire-WSJ
09.10.09 00:02
Oct 8 (Reuters) – Renaissance Technologies: * James Simons to retire-Wall Street Journal
((New York Equities Desk; tel: +1 646 223 6000))
-mrp
@13 bloomberg will be the next to rip it off, guaranteed.
@14 oh but look how tricky bberg is about it. this is the first their story appeared but allegedly they’ve already had time to update it? slime
Renaissance’s Simons Said to Retire From Hedge Fund (Update1)
Share | Email | Print | A A A
By Saijel Kishan and Katherine Burton
Oct. 8 (Bloomberg) — Billionaire James Simons, the founder of hedge fund firm Renaissance Technologies Corp., will retire from his post as chief executive officer, a person familiar with the matter said.
Simons, 71, will stay on as non-executive chairman, according to the person, who asked not to be named because the information is private. Bob Mercer and Peter Brown, the current co-presidents of the East Setauket, New York-based firm, will be co-CEOs of Renaissance as of Jan. 1, 2010, the person said.
Simons earned $2.5 billion last year, according to a survey published in Alpha magazine. He was chairman of Stony Brook University’s mathematics department before starting Renaissance in 1982.
Simons will remain the firm’s main shareholder and has no plans to reduce his investment in the firm, the person said.
To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net;
Last Updated: October 8, 2009 18:00 EDT
“Christ I love my Menthol Virginia Slims”
- Jimmy S.
bloomberg and wsj ripping off db = most pathetic thing I’ve seen today. fuck you mr. mayor.
@17 Big f’in deal. Who cares? It’s all a big Ponzi scheme anyway.
-ZH
and wsj puts story up 34 mins later with no credit to db. faster fingers at bberg where they did it in ten.
http://online.wsj.com/article/SB125503993951774475.html?mod=WSJ_hps_LEFTWhatsNews
DB staff can go get effed.
Zero Hedge had this up 10mins before you punters.
Suck it Levin,
Fidel
dealbook bringing up the rear: http://dealbook.blogs.nytimes.com/2009/10/08/simons-to-retire-as-renaissances-chief/
@23: NY Post & the rest will follow by 11AM tomorrow…
-mrp
Bess, it only took Carney 12 mins to copy your story! He’s slipping :)
@24 at least jc gave db credit, unlike bberg and the journal.
Gone to CEO heaven with John Mack and Ken Lewis. Was he not getting the Geithner calls either?
@20 here,
Hey Levin,
Envy is dish best eaten on your knees, maybe with a bit of strawberry flavored ky for the atm session you’re evidently taking on this one from Tyler and crew.
Hahahahaha,
You see my little loose one, I came here AFTER I read it on ZH and guess what trick? The story still wasn’t up- you know, like your rack since summer 2007.
Fidel, my byyaatch
No more flash trade, no more guaranteed profit?!
oh christ we have a zh’er in the house@27.
he looks so regal in that pic
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/11/13/Sor276.jpg
how many cartons of cigs did he burn through today?
@32 under/over at 5
@33 taking the over, for sure.
@30 he is the regalest of them all.
Wow this really sucks:
“Simons’s Renaissance Institutional Equities Fund, known as RIEF, fell 9.5 percent this year through September, while his Renaissance Institutional Futures Fund, or RIFF, gained 1.6 percent, the person said.”
Are those funds even going to have money left in them by Jan 10. How’s Medillion doing? Up 20%?
@36
“Medillion”
What’s that? Kevin Dillon’s HF?
@37 Classic
UBZero Hedge sucks.
Carney,
I gunna sit you down and talk to you like a human being, then sling feces at you like a chimp.
CG
@39 seconded
@27 yeah…zh is truly beating db by pulling headlines from bberg and then updating his story (funny he doesn’t say when the update was) after more come out. also, folks, 27 right there is the epitome of a zh reader– batshit fucking nuts. get yourself a rabies shot, pal.
puhlease let him open a tobacco plantation during retirement.
@43 long island’s first tobacco farm. love it.
Zero Hedge is the gayest name for a blog since manhunters.
pj
9/10 “lucky strike makes fine tobacco” you are dating yourself but… nice
ZH doesn’t claim they broke the story.
@15, Saijel Kishan’s initial piece was on the web at 5:38 pm,
pid=20601110&sid=aNpI22iB3LAI
but so what? Bess put details out before everyone else.
Come on, the wall between the Medallion fund and RIEF is paper thin. I don’t see Simons making this kinda scratch without either: 1. Front Running RIEF trades and/or 2. Shuffling more winners towards Medallion. Its not a ponzi scheme, its just Jim takin’ the winners for his people over the rest of the bozos.
http://www.zerohedge.isgay.com
-Smithtown Steve
@47 bberg head the headline “simons to retire” in their TERMINAL at 5:38. bess has the story on the web first, with details, before everyone else.
@47 zh didn’t claim it but his whackjob follower @20/27 did.
“just Jim takin’ the winners for his people over the rest of the bozos.”
you don’t need to convince anyone of that.
God damn ZeroHedge is gay. Carney……………you gunna be eatin chocolate starfish realsoon….
Lucabrasi
@52 what does jc have to do with zh? (besides nothing)
@53 – Everything. No more questions, smalltime.
Greg,
I’m going to invest your 401(k) in California munis in a confusing scheme which I will explain as being tax advantaged. Unlike Simons’, your retirement will involve cat food.
-Jeff Macke
he’s taking time off to smoke his e-cigarette.
@52 = lloyd blankfein
DB getting some credit.
http://www.finalternatives.com/node/9339
I want to jar Simons’ poop loose with my cock.
[...] that Jim Simons has officially retired (he announced his intent to do so last October but he’s been saying that since 2002 and every time he got his foot out the door they pulled [...]