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Illustrative image.Photo: Pixabay.com
However, they report that this great career is only the first third of Jim Simons’ biography LidovkiIn his 40s, he left academia and, with no knowledge of high finance, founded Renaissance Technologies, a commodities, currency, stock and bond trading firm, in a suburban Long Island supermarket.
He hired only mathematicians, not bankers, with the goal of automating trading based on the analysis of thousands of correlations between hundreds of factors that influence price developments…
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