MEDALLION FUND
Strange tale of Jim Simons: Despite his investing genius, it’s of little use to investors
Simon’s story is of extraordinary intellect and unconventional methods, setting him apart in the investment world. While Buffett, Munger and Kahneman offered insights and knowledge that the average investor could adopt, Simon’s approach was different. His reliance on advanced mathematical models and statistical analysis was innovative and almost exclusive to his firm’s unique skill set.
James Harris Simons: The math wiz who revolutionized investing
Simons was a leading philanthropist who gave away billions during his lifetime to support medical and science research and teaching. His journey had been exciting and intriguing. A maths genius, he was only 23 when he received his PhD from the University of California, Berkeley.
Billionaire quant investing pioneer and philanthropist James Simons dies at 86
Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."
Quant Investing pioneer Jim Simons dies at 86
Jim Simons, a mathematician-investor who created the world's greatest moneymaking machine at Renaissance Technologies, has passed away at the age of 86. Simons eschewed standard practices of money managers in favor of quantitative analysis, finding patterns in data that predicted price changes. His technique was so successful that he became known as the Quant King.
CBI registers FIR against former CMD of IRFC in gift purchase scam
The CBI has filed an FIR against the former chairman and managing director of Indian Rail Finance Corporation (IRFC), Amitabha Banerjee, for alleged irregularities in the purchase of expensive gifts such as gold coins for distribution. Banerjee was terminated last year for alleged financial misconduct and misuse of his position.
Technology is your best bet to create wealth in stock market for the long term
John Bogle, the founder of Vanguard (which today has $7 trillion AUM), predicted in the 1970s that over the long term, humans would find it impossible to beat the index.
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Renaissance suffers $11b exodus with meager quant returns
From December to February, clients pulled, or asked to pull, about $5 billion from the funds, Bloomberg reported.
View: Why you’re not one of the world’s great investors
There is an unhealthy tendency to look at the most successful investors with envy.
How system-level thinkers define their eras that other investors can only copy
Majority of money being traded in America is now “managed” by algorithms rather than by humans.
Winsome removed records before the whip was cracked
Staff says absence of records — which vanished along with the hard disks — was the reason why they could never come up with any evidence against Jatin Mehta.
CBI seeks RBI help to track Winsome’s UAE money trail
Investigative agency wants to reach out to UAE central bank for details on a dozen accounts in connection with .`6,800-cr default; information crucial to complete probe.
Sleuths set to fight for right to probe Tagore medallion
The medallion was stolen from Santiniketan in 2004 and the CBI took over the case later on. It closed the case in 2007, reopened it in 2008 and again closed it in 2009, but the gold honour could not be recovered.
Ban on exports of jewellery and articles above 22 carat will check round tripping: K Srinivasan
On Monday, the commerce ministry issued a notification extending the ban of coins, medallions and jewellery above 22 carat from Special Economic Zones (SEZs) to DTA and EOU.
Coimbatore to get Metro Rail, project report to be prepared: CM K Palaniswami
For this project, funding will be obtained from the German funding agency KFW through the Centre, he said adding the proposal would address traffic congestion in the textile city of Tamil Nadu.
Silicon Valley taught us a new ethics lesson in 2016
Y Combinator founder and investor Paul Graham feels the most successful founders are the ones that “delight in breaking rules, but not rules that matter.”
Sensex gains 250 points; Nifty tests 8,200; Gati surged 7%
The S&P BSE Sensex surged over 200 points in trade on Friday tracking Asian markets, which were trading higher after US Federal Reserve minutes confirmed that the central bank is in no hurry to hike interest rates this year.
Twelve stocks in focus in Friday's trade
Indian markets are expected to trade higher. Here is a list of twelve stocks which are likely to remain in focus today.
Gold ETFs record Rs 1,300 crore outflow in first 10 months of FY'15
The outflow led to assets under management (AUM) of gold funds plunging by more than 19 per cent during the period.
Jewellers shine as RBI removes restriction on gold coin imports
Jewellery Stocks were in limelight after the Reserve Bank of India allowed nominated banks to provide gold on loan to jewellers, thereby reducing their funding cost.
Centre using CBI to wreak vengeance: TMC and West Bengal tell Supreme Court
The TMC was more direct in its accusations against the central government while seeking to be impleaded in the petition filed by Subrata Chattoraj.
India story strong: Experts toe government's line on economy
In its report, StanC says: "This (the figure of $45 billion) is lower that our August expectation of $71.8 billion, or 4 per cent of GDP."
Banks approving loans on condition borrowers don't buy gold
Banks have placed the condition that borrowers should not use even personal loans to buy gold, a senior official of a private sector bank said.
Prescriptions to cure yellow fever
Gold is country’s second-biggest import after oil. We take a look at some of the measures taken by RBI and government in 2013.
Gold prices zoom to Rs 31,000/10 gm as rupee, stocks dive
Gold surged by Rs 1,310, the biggest rise in two years, to reclaim Rs 31,000 per 10 gram level in Delhi, with stocks and rupee plunging on fears government may move to capital control regime.
Gold surges most in 2 yrs; regains Rs 31,000 level as rupee, stocks tumble
Gold today surged by Rs 1,310 per 10 gram here, the highest in two years, to Rs 31,010 on strong demand from stockists ahead of festive season.
MMTC to raise investment in JV with Swiss firm PAMP
State-owned trading giant MMTC today said it would invest about Rs 1.84 crore in its joint venture with Swiss firm PAMP.
Commodity markets: Producers, consumers await a new dawn in 2012
While overseas prices have corrected 20%, commodities are expected to bounce back in the new year on fresh fund flows. Read on to find out what you could expect in 2012...
Dhanteras likely to witness 15% more jewellery sales this yr
Gold jewellery sales is likely to increase by up to 15 per cent during 'Dhanteras' compared to last year as prices have steadied, experts said.
Akshay Tritiya gold sales to beat last year’s record
Quantity of gold sold this year is expected to be higher than that of last year’s.
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