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An elite hedge fund slashed its Nvidia and Tesla bets last quarter — and boosted its GameStop stake

Thu, 11/14/2024 - 06:41

nvidia stocks — Jensen Huang is CEO of Nvidia, the world's most valuable company.
Slaven Vlasic/Getty Images; Chelsea Jia Feng/BI

finance, Tech, trending-uk, finance, Tech, renaissance-technologies, RenTech

An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge

Wed, 05/15/2024 - 11:19

gamestop line — Renaissance Technologies bought 1 million GameStop shares last quarter.
Reuters

finance, trending-uk, finance, GameStop, meme-stocks, roaring-kitty, renaissance-technologies

The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.

Wed, 09/20/2023 - 05:33

trader — REUTERS

Markets, mi-exclusive, Markets, Stocks, jim-simons, renaissance-technologies, RenTech

Jim Simons' RenTech first bet on Tesla a decade ago - and the fund once held a stake in Elon Musk's automaker worth $12 billion today

Mon, 03/06/2023 - 07:39

jim simons renaissance — Jim Simons.
AP Images / Jason Decrow

Markets, MI Exclusive, Stocks, Jim Simons, Renaissance Technologies, RenTech, tesla

Jim Simons' RenTech fund supercharged its Tesla bet last quarter, boosting its value 1,000 times to over $400 million

Tue, 02/14/2023 - 06:01

Jim Simons — Jim Simons.
Sylvain Gaboury/Getty Images

Markets, MI Exclusive, Stocks, Renaissance Technologies, RenTech, Jim Simons, Elon Musk

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