Wall Street Journal reporter Greg Zuckerman describes his early journalism career working as a media business reporter for Rupert Murdoch's New York Post.
Assertion Not checkable as stated
Renaissance Ignores Company Identities Because Fundamental Narratives Are Distracting
“So they don't even know the companies involved. They find that distracting.”
Assertion Not checkable as stated
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'…”
Assertion Not checkable as stated
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…”
Opinion
Zuckerman Is Not Convinced Renaissance Can Continue Historic Returns
“It does raise questions about the future, and I'm not convinced they can continue these kind of returns.”
Opinion
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…”
Assertion Not checkable as stated
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, …”