Jim Simons Overrode Renaissance's Models Despite Public Claims
Gregory Zuckerman · Gregory Zuckerman – Decoding Renaissance Medallion (Capital Allocators, EP.119) · Jan 6, 2020 · at 35:37
Greg Zuckerman details instances where Renaissance Technologies founder Jim Simons stepped in to cut portfolio risk during crises.
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“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're taking off risk here.”
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