Renaissance Technologies
27 statements across 2 episodes · 12 bullish · 1 bearish · 2 people on the record · first statement May 13, 2019 by Michael Mauboussin · said 95 times in 18 episodes since 2017 · across every show →
Mentions by year
brought up most by Ted Seides (64), Gregory Zuckerman (16), Richard Craib (3), Steve Kuhn (2), Ari Paul (2), Tom Lenehan (1), Michael Mauboussin (1), Matthew Granade (1)
tap a year for its mentions
2024 1 mention in 1 episode
2023 4 mentions in 2 episodes 2 per episode
2022 2 mentions in 2 episodes 1 per episode
2021 4 mentions in 3 episodes 1 per episode
2020 77 mentions in 4 episodes 19 per episode
- Gregory Zuckerman – Decoding Renaissance Medallion (Capital Allocators, EP.119)
- Ted Seides - Capital Allocators Year in Review (Capital Allocators, EP.170)
- Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
- Matthew Granade – Inside Data Science at Point72 (First Meeting, EP.22)
- every mention in 2020, scene by scene →
2019 5 mentions in 4 episodes 1 per episode
- Steve Kuhn – Life After Hedge Funds (Capital Allocators, EP.85)
- Patrick O'Shaughnessy – O'Shaughnessy Asset Management (First Meeting, EP.01)
- Michael Mauboussin – Who's on the Other Side (Capital Allocators, EP.99)
- Matt Botein – Flexible Investing and Institutional Challenges (Capital Allocators, EP.88)
- every mention in 2019, scene by scene →
2018 1 mention in 1 episode
Everything said about Renaissance Technologies, oldest first
May 13, 2019 positive
Mauboussin: Discretionary managers cannot compete with quants on short-term horizons
“Natural language processing and computers and so forth will allow some parts of the market to be very efficient in the short run. You can make shorter term predictions. And that will probably make that aspect of the market more efficient. And by the way, as a …”
Jan 6, 2020 bearish
Jan 6, 2020
Jan 6, 2020 bullish
No Firm Executes Trades or Manages Slippage Better Than Renaissance
“There's no one who does a better job of figuring out when to trade, how to put on trades. They look like high frequency sometimes because they layer into positions. They know slippage. Early nineties, going back to Henry Laufer, early nineties, they were figur…”
Jan 6, 2020 positive
Jan 6, 2020 positive
Renaissance Trades Non-Intuitive Signals That Other Quants Avoid
“They also do things like they embrace non-intuitive signals, signals that they don't really know why they work, but they're scientifically proven. And Lots of other firms are uncomfortable with that approach. I don't want to overdo it here. That's not a bulk o…”
Jan 6, 2020 positive
Renaissance Avoided Wall Street Hires to Protect Intellectual Property
“He doesn't hire from wall street. He never has interest. If you worked on wall street, it's hard to get a job there. And that helps because when they leave, people don't usually go to wall street. So I don't know if I think he stumbled onto this. I don't think…”
Jan 6, 2020
Renaissance Is Not HFT, Holding Positions Two Days on Average
“We're talking on average about two days, and people lump them in with high frequency and they're not, but it's not to suggest they do it as they do it back then, but we're talking a few days on average, sometimes less, sometimes more, moments to months is how …”
Jan 6, 2020 neutral
Jan 6, 2020 positive
Jan 6, 2020 positive
Renaissance Shares One Unified Codebase Unlike Two Sigma
“It's also the case that they are much more collegial. They work together. It's an open system. Everyone can see the code as opposed to other technology firms, other hedge funds, and there are many different models. So you look at like a two sigma, my understan…”
Jan 6, 2020
Jan 6, 2020 positive
Jan 6, 2020
Jan 6, 2020 neutral
Jim Simons Did Not Develop Most Renaissance Algorithms Himself
“In some ways I was surprised that he didn't come up with the algorithms most of the time, but he's great at asking questions and prodding and pushing. And have you considered this? You might want to try this approach. So people internally say his genius is man…”
Jan 6, 2020 neutral
Early Renaissance Trading Was Essentially Sophisticated Technical Analysis
“What they were doing wasn't so different from technical analysis. I mean, we all sort of poo poo, and we kind of look at it as alchemy and hocus pocus, but they saw themselves as maybe more sophisticated, more scientific approach to technical analysis in that …”
Jan 6, 2020
Jan 6, 2020 neutral
Jan 6, 2020 positive
Henry Laufer Was the Key Figure Behind Early Renaissance Models
“Henry Laufer was the key guy. So he was a mathematician, a very quiet, humble, really super smart, well respected, and almost acclaimed in that field. And he's the one who came up with different approaches, things like days of the week, comparing what trades w…”
Jan 6, 2020
Simons Made Bob Mercer Step Down Over Political Morale Backlash
“Simon's heard about it, and he was worried about morale, and he had to, and I write about a scene in the book, he had to go to Mercer and say, you got to step down, not necessarily leave the firm, but you can't run the firm because our morale is getting hurt, …”
Jan 6, 2020 positive
Jan 6, 2020 positive
Jan 6, 2020
Jan 6, 2020
Jan 6, 2020 neutral
Jim Simons Overrode Renaissance's Models Despite Public Claims
“Simons, when he gives speeches to you, he talks about the key is they never override the model, and they don't usually override the model, almost never do, but as I write in this story in the book, there are times when Simons has stepped in and said, guys, we'…”
Jan 6, 2020
A Static S&P 500 Code Glitch Blocked Renaissance's Equity System
“He found this glitch. He found a screw up on the part of Bob Mercer, who was a super duper programmer, but he had messed up. There's a number that wasn't updating. It was an S&P 500 number that was static. And it was really more their hedging and their offsett…”