James Simons’ parting words

The founder of Renaissance Technologies passes the torch.

James Simons, founder of Renaissance Technologies, has announced his retirement from the firm. Though he will remain involved at a high level, responsibility for managing the firm has fallen to a core group of less well known executives. Below are Simons’ parting words to investors:

October 8, 2009renaissance.gif

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.