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Great traders are sometimes recognized by a signature model. Warren Buffett made it huge by investing in firms he thought low-cost and holding on for a few years. George Soros guess on macroeconomic occasions, at one level virtually breaking the Financial institution of England. Jim Simons, who died on Could tenth on the age of 86, was extra mysterious. He plumbed the quantitative depths in typically unexplainable methods.
He might also have been the most effective of the lot. “There’s one GOAT [greatest of all time]. His title was Jim Simons,” as Clifford Asness, co-founder of AQR, a hedge fund, put it to the Wall Avenue Journal. The flagship Medallion fund of Renaissance Applied sciences, Mr Simons’s agency, generated a whopping $100bn in buying and selling earnings over the three a long time to 2018. Its 66% common annual return was much more astounding. No different huge fund got here shut.
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