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."
Bob Mercer Would Even Take A Loan From Jim Simons' Son To Get More Of That Sweet, Sweet Medallion Action
Nothing is out-of-bounds when it comes to investing in RenTech's super-secret internal hedge fund.
Jim Simons And His Merry Band Of Math Nerds Beating Investors Off With A Stick
How's Jim's a$$ taste?