Renaissance Technologies LLC is an East Setauket, New York-based American investment management firm founded in 1982 by James Simons, an award-winning mathematician and former Cold War code breaker, which specializes in systematic trading using only quantitative models derived from mathematical and statistical analyses. Renaissance is one of the first highly successful hedge funds using quantitative trading—known as "quant hedge funds"—that rely on powerful computers and sophisticated mathematics to guide investment strategies. - Source: Wikipedia
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