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.”
Breaking: Jim Simons To Retire From Rentec At Year-End
Posted by Bess Levin, Oct 08, 2009, 5:50pm
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Posted by guest , Oct 08, 2009 5:52PM
Kind of a greggy move to omit the pic dont you think?
Posted by guest , Oct 08, 2009 5:53PM
@1 can you honestly kill yourself. a story like this doesn't need a post.
Posted by guest , Oct 08, 2009 5:57PM
thank you my love
1
Posted by guest , Oct 08, 2009 5:58PM
nice scoop levin
Posted by guest , Oct 08, 2009 5:59PM
which news outlet will be the first to rip this off from db without attribution? bberg? nyp? that other blog?
Posted by guest , Oct 08, 2009 6:00PM
bess levin ftw
Posted by guest , Oct 08, 2009 6:01PM
i've never giggled before in my life
-chaz
Posted by guest , Oct 08, 2009 6:06PM
Say, isn't that the guy ...
Posted by guest , Oct 08, 2009 6:09PM
that fag is not my type.
-LSMFT
Posted by guest , Oct 08, 2009 6:09PM
that fag is not my type.
-LSMFT
Posted by guest , Oct 08, 2009 6:11PM
Another one bites the dust at the prospect of having to spend years getting back to high water marks
Posted by guest , Oct 08, 2009 6:11PM
Another one bites the dust at the prospect of having to spend years getting back to high water marks
Posted by mrpink , Oct 08, 2009 6:13PM
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
Posted by guest , Oct 08, 2009 6:24PM
@13 bloomberg will be the next to rip it off, guaranteed.
Posted by guest , Oct 08, 2009 6:26PM
@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
Posted by guest , Oct 08, 2009 6:27PM
"Christ I love my Menthol Virginia Slims"
- Jimmy S.
Posted by guest , Oct 08, 2009 6:29PM
bloomberg and wsj ripping off db = most pathetic thing I've seen today. fuck you mr. mayor.
Posted by guest , Oct 08, 2009 6:33PM
@17 Big f'in deal. Who cares? It's all a big Ponzi scheme anyway.
-ZH
Posted by guest , Oct 08, 2009 6:34PM
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
Posted by guest , Oct 08, 2009 6:34PM
DB staff can go get effed.
Zero Hedge had this up 10mins before you punters.
Suck it Levin,
Fidel
Posted by guest , Oct 08, 2009 6:38PM
Keep your eyes glued to WS2 for a certain T Shirt
-Smuggles
Posted by guest , Oct 08, 2009 6:44PM
dealbook bringing up the rear: http://dealbook.blogs.nytimes.com/2009/10/08/simons-to-retire-as-renaissances-chief/
Posted by mrpink , Oct 08, 2009 6:49PM
@23: NY Post & the rest will follow by 11AM tomorrow...
-mrp
Posted by Trader , Oct 08, 2009 6:56PM
Bess, it only took Carney 12 mins to copy your story! He's slipping :)
Posted by guest , Oct 08, 2009 6:59PM
@24 at least jc gave db credit, unlike bberg and the journal.
Posted by guest , Oct 08, 2009 7:00PM
Gone to CEO heaven with John Mack and Ken Lewis. Was he not getting the Geithner calls either?
Posted by guest , Oct 08, 2009 7:05PM
@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
Posted by guest , Oct 08, 2009 7:06PM
No more flash trade, no more guaranteed profit?!
Posted by guest , Oct 08, 2009 7:07PM
oh christ we have a zh'er in the house@27.
Posted by guest , Oct 08, 2009 7:09PM
he looks so regal in that pic
Posted by guest , Oct 08, 2009 7:10PM
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/11/13/Sor276.jpg
Posted by guest , Oct 08, 2009 7:11PM
how many cartons of cigs did he burn through today?
Posted by guest , Oct 08, 2009 7:12PM
@32 under/over at 5
Posted by guest , Oct 08, 2009 7:13PM
@33 taking the over, for sure.
Posted by guest , Oct 08, 2009 7:14PM
@30 he is the regalest of them all.
Posted by guest , Oct 08, 2009 7:19PM
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%?
Posted by guest , Oct 08, 2009 7:24PM
@36
"Medillion"
What's that? Kevin Dillon's HF?
Posted by guest , Oct 08, 2009 7:57PM
@37 Classic
Posted by guest , Oct 08, 2009 8:04PM
UBZero Hedge sucks.
Posted by guest , Oct 08, 2009 8:08PM
Carney,
I gunna sit you down and talk to you like a human being, then sling feces at you like a chimp.
CG
Posted by guest , Oct 08, 2009 8:08PM
@39 seconded
Posted by guest , Oct 08, 2009 8:32PM
@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.
Posted by guest , Oct 08, 2009 8:33PM
puhlease let him open a tobacco plantation during retirement.
Posted by guest , Oct 08, 2009 8:34PM
@43 long island's first tobacco farm. love it.
Posted by guest , Oct 08, 2009 8:47PM
Zero Hedge is the gayest name for a blog since manhunters.
pj
Posted by guest , Oct 08, 2009 9:13PM
9/10 "lucky strike makes fine tobacco" you are dating yourself but... nice
Posted by guest , Oct 08, 2009 9:20PM
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.
Posted by guest , Oct 08, 2009 9:22PM
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.
www.zerohedge.isgay.com
-Smithtown Steve
Posted by guest , Oct 08, 2009 9:23PM
@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.
Posted by guest , Oct 08, 2009 9:23PM
@47 zh didn't claim it but his whackjob follower @20/27 did.
Posted by guest , Oct 08, 2009 9:26PM
"just Jim takin' the winners for his people over the rest of the bozos."
you don't need to convince anyone of that.
Posted by guest , Oct 08, 2009 9:31PM
God damn ZeroHedge is gay. Carney...............you gunna be eatin chocolate starfish realsoon....
Lucabrasi
Posted by guest , Oct 08, 2009 9:33PM
@52 what does jc have to do with zh? (besides nothing)
Posted by guest , Oct 08, 2009 9:45PM
@53 - Everything. No more questions, smalltime.
Posted by Jeff Macke , Oct 08, 2009 11:09PM
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
Posted by dorothy , Oct 08, 2009 11:47PM
he's taking time off to smoke his e-cigarette.
Posted by guest , Oct 09, 2009 12:23AM
@52 = lloyd blankfein
Posted by guest , Oct 09, 2009 7:54AM
DB getting some credit.
http://www.finalternatives.com/node/9339
Posted by guest , Oct 09, 2009 9:34AM
I want to jar Simons' poop loose with my cock.