Koffieleut schreef: ↑11 mei 2024, 15:18 Hij werd er steenrijk mee.

EarthNvstr1 schreef: ↑11 mei 2024, 16:03 Wat gebeurt er met zijn erfenis ?

Medallion, the main fund which is closed to outside investors, has earned over $100 billion in trading profits since its inception in 1988. This translates to a 66.1% average gross annual return or a 39.1% average net annual return between 1988 – 2018.

Koffieleut schreef: ↑11 mei 2024, 20:34 ... closed to outside investors, ...

Controversies

According to The Wall Street Journal in May 2009, Simons was questioned by investors on the dramatic performance gap of Renaissance Technologies' portfolios. The Medallion Fund, which has been available exclusively to current and past employees and their families, surged 80% in 2008 in spite of hefty fees; the Renaissance Institutional Equities Fund (RIEF), owned by outsiders, lost money in both 2008 and 2009; RIEF declined 16% in 2008.[55]

On July 22, 2014, Simons was subject to bipartisan condemnation by the U.S. Senate Permanent Subcommittee on Investigations for the use of complex basket options to shield day-to-day trading (usually subject to higher ordinary income tax rates) as long-term capital gains. "Renaissance Technologies was able to avoid paying more than $6 billion in taxes by disguising its day-to-day stock trades as long term investments," said Sen. John McCain (R., Ariz.), the committee's ranking Republican, in his opening statement.[56]

An article published in The New York Times in 2015 said that Simons was involved in one of the biggest tax battles of the year, with Renaissance Technologies being "under review by the IRS over a loophole that saved their fund an estimated $6.8 billion in taxes over roughly a decade."[57] In September 2021, it was announced that Simons and his colleagues would pay billions of dollars in back taxes, interest and penalties to resolve the dispute, one of the biggest in IRS history.[58][59]

Koffieleut schreef: ↑11 mei 2024, 15:18 Supperbelegger Jim Simons is gisteren overleden.

Hij werd er steenrijk mee. Hij is 86 geworden.

Nefertari schreef: ↑13 mei 2024, 19:23 En is hij er ook gelukkig mee geworden