Will ChatGPT Disrupt Wall Street Algos? – June 7, 2023

If you are an investor or an active day trader, you likely know of Renaissance Technologies.

This is the giant hedge fund “accidentally” started by mathematician Jim Simons in 1978, initially with the name Monemetrics.

In the Wikipedia entry for Simons, we find this…

Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons is described as the “greatest investor on Wall Street,” and more specifically “the most successful hedge fund manager of all time.”

How did he achieve this? It’s all about the math.

In the video that…

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