"There is no plan for Mr. Simons to relinquish his role as chairman or to sell his significant ownership interest in Renaissance," Mr. Gasthalter said, declining to discuss what factors have changed or when specific retirement plans might resume.Do you see what happens Larry when a 71 year old ends up putting (a portion) of his retirement fund in RIEF?
For much of its 27-year history, Renaissance has been among cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 most envied hedge-fund firms in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 world, as Mr. Simons's investing success has made him a billionaire several times over and one of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 wealthiest money managers anywhere.
But Renaissance clients have pulled billions of dollars since early 2008 as performance has suffered in its biggest funds open to outside investors. Firmwide, assets have shrunk to about $17 billion from a mid-2007 peak of some $36 billion. A person familiar with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 firm said requests by investors to pull money have slowed lately [$87 million in May RIEF withdrawals is not what one would consider major slowage]
Of course, aside from permaramp of SPY in perpetuity, this means that market dictators in waiting Brown and Mercer will have to wait a little longer before inheriting cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 world's most divergent duo of hedge funds in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 form of Medallion and RIEF, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 first having a roughly -5x P&L correlation with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 second.
Meanwhile, two veteran Renaissance insiders, speech-recognition experts Peter Brown and Robert Mercer, are considered likely successors to lead cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 firm. Mr. Gasthalter said Messrs. Brown and Mercer declined to comment.Maybe Messrs Brown and Mercer are also good at text-recognition. Hoping against hope that that might be true, here is our complete non-AES Rijndel encrypted message: leave cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 goddamn, broken market alone already and stop trading with yourselves. Sphere: Related Content
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