Something we’ve long-maintained around the Dealbreaker office is that hedge fund manager Jim Simons would make a great fairy godmother, what with his soothing voice, white beard, and the fact that he’s really just a lovable math teacher who happened to make a zillion dollars by tinkering away the computers in his garage and would be happy to lend the powers of his magic cigarette wand to those in need. So we were extremely pleased to have our attention brought to an anecdote from Scott Patterson’s Dark Pools, in which Simons seems to appear out of nowhere, just like a FGM would, sprinkles unexpected gifts on a young man and woman (of both hope* and nicotine), and then disappears as quickly as he came via golden carriage. (We also appreciate that Simons is the kind of FGM that will laugh in your face as you explain to him what a quant fund is, not realizing he’s got some experience there.)
One day in the summer of 2006, Fleiss was having lunch outdoors with his girlfriend at a restaurant on the Upper East Side. As they chatted in the sun after their meal, an elderly man dressed in a modest suit walked out of the restaurant and lit up a cigarette. Fleiss’s girlfriend bummed a smoke off him, and they began to chat.
“So what do you do?” he asked Fleiss.
“I’m actually building a hedge fund that uses quantitative strategies to pick stocks,” he said.
“Oh really?” The man laughed. “Where did you go to school?”
“Good school. You know, I’m also in the quant biz.”
Fleiss asked where he worked, but the man wouldn’t answer. But Fleiss kept pushing. Finally, the man said he ran a fund called Renaissance Technologies. Fleiss nearly fell out of his chair. He wanted to talk more, but a gleaming Bentley had just pulled to the curb and Jim Simons quickly disappeared into it.
Dark Pools [Scott Patterson]
Related: Who Wants to Become A Rebellion Research Investor?
*That some of his quant-i-ness would rub off on the guy.
Rebellion Research is a hedge fund that uses Artificial Intelligence to invest, being of the mind that computers = smart, man = stupid (It’s pretty clear that human beings aren’t improving,” Spencer Greenberg, the brains behind Rebellion’s AI system, has said. “But computers and algorithms are only getting faster and more robust.”) The firm had […]
You know what’s so fucking hot right now? Tea. You know how we know that? Because the Post has deemed it so. And you know how they know that? At least one person drinks it in mass quantities– legendary hedge fund manager Spencer Greenberg. Greenberg, you may recall, is the 27 year-old co-founder of Rebellion […]
Back in July, we met the principals of Rebellion Research, a new hedge fund described by the Journal as being like a teeny tiny RenTec, sans the cartons of Pall Malls. Founded by Spencer Greenberg, the firm uses “artificial intelligence” to invest, being of the mind that computers = smart, man = stupid, and that […]
Just an FYI for any potential investors on the fence about breaking themselves off a piece of this.
First off, let me start by putting this out there: Team Rebellion doesn’t need your money. As you can plainly see from the photo at left, if this whole hedge fund thing doesn’t work out, the principals can easily find work as a boy band. Having said that, they’re going to keep at this money […]