Billionaire Jim Simons' Hot Stock Picks

By Insider Monkey: Jim Simons' Medallion Fund is the best hedge fund that we have come across. The fund's returns are so spectacular that Jim Simons became one of the richest people on the planet. Medallion Fund employs high frequency trading and exploits inefficiencies in the stock market. One strategy they use takes advantage of the inefficiencies in the execution of large transactions. One of their algorithms determines whether a very large order is executed and front runs it.

By Insider Monkey: Jim Simons' Medallion Fund is the best hedge fund we have come across. The fund's returns are so spectacular that Jim Simons became one of the richest people on the planet. Medallion Fund employs high-frequency trading and exploits inefficiencies in the stock market. One strategy they use takes advantage of the inefficiencies in the execution of large transactions.

By Insider Monkey: Jim Simons is one of the richest people in the world. He owns between 25 to 50 percent of Renaissance Technologies, which manages over $25 billion of assets in several funds. Simons is also the largest investor in the Medallion Fund, the best hedge fund that we track. The spectacular returns of this fund made Simons a billionaire.

By Insider Monkey: Jim Simons’ Medallion Fund has not realized negative returns since 1990. Medallion Fund is probably the best hedge fund Insider Monkey has come across. Simons is also one of the richest men alive. We believe he would have been the richest man on this planet if he had started investing 20 years ago.

Insider Monkey submits: Jim Simons’ Medallion Fund is the best hedge fund that we have come across. The fund’s returns are so spectacular that Jim Simons became one of the world's richest people. Medallion Fund employs high frequency trading and exploits inefficiencies in the stock market. One strategy it uses takes advantage of the inefficiencies in the execution of large transactions.

Insider Monkey submits: Jim Simons’ Medallion Fund is the best hedge fund that Insider Monkey has come across. The firm charges a fixed 5% management fee and takes 44% of the returns generated. After these expenses are deducted Medallion provided an average annual return of 35% to its investors.

Insider Monkey submits: Jim Simons’ Medallion Fund is the best hedge fund that we have come across. The firm charges a fixed 5% management fee and takes 44% of the returns generated. After these expenses are deducted Medallion provided an average annual return of 35% to its investors. A couple of months ago, our calculations showed that Medallion’s annual alpha is 34%.

By Insider Monkey: Jim Simons founded Renaissance Technologies in 1982. The fund’s returns are so spectacular that Simons became one of the richest people in the world. The hedge fund employs high frequency trading and exploits inefficiencies in the stock market. Simons has a B.S. in Mathematics from MIT and a Ph.D. in Mathematics from UC Berkeley.