Could Renaissance Technologies be the next Long Term Capital Management(mathematically managed hedge funds)?
Is what James Simons of Renaissance doing similar to what Meriwether, Merton and Scholes did at Long Term Capital Management? Or is his mathematical models more complicated. Will it end up like LTCM? If not, why not?
Asked By: Cassandra's dream - 8/25/2009
Best Answer - Chosen by Asker
The model isn't what brought down LTCM, it was that they began applying the model to things it simply was never designed to be used on in an attempt to add returns. Specifically foreign currencies and merger arbitrage activity. They also levered the model 40 to 1, which meant that when the markets turned against them... More
Answered By: financegal27 - 8/25/2009
Additional Answers (1)
It's very unlikely that RenTech will go the way of LTCM, in my opinion. Renaissance is very secretive, but by all indications they are run under completely different methodologies (not to mention philosophies... More
Answered By: MikeJ - 8/25/2009
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
$47/hr Real Work at home Job. Computer Required. Apply Online!
Over 471 Local Jobs Available. Hiring Now – Apply Today!
(89) Local Jobs Paying $18-$96 Per Hour- Available Today. Apply Now!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.