Event sponsored by EPFR
Abstract (doors open at 6:00pm / talk starts at 6:30pm - please bring ID to sign in a the reception)
Greg Zuckerman will talking about his new bestselling book, The Man Who Solved the Market: How Jim Simons launched the Quant Revolution
Jim Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros. Yet Simons and his strategies are shrouded in mystery. Wall Street insiders have long craved a view into Simons’s singular mind, as well as the definitive account of how his secretive hedge fund, Renaissance Technologies, came to dominate financial markets. Bestselling author and Wall Street Journal reporter Gregory Zuckerman delivers the goods.
After a legendary career as a mathematician at MIT and Harvard, and a stint breaking Soviet code for the U.S. government, Simons set out to conquer financial markets with a radical approach. He hired mathematicians, physicists, and computer scientists, most of whom knew little about finance. Experts scoffed as Simons built Renaissance Technologies from a dreary Long Island strip mall. He amassed piles of data and developed algorithms to hunt for deeply hidden patterns in the numbers–patterns that reveal rules governing all markets.
Simons and his colleagues became some of the richest individuals in the world and their data-driven approach launched a quantitative revolution on Wall Street. They also anticipated dramatic shifts in society. Eventually, governments, sports teams, hospitals, and businesses in almost every industry embraced Simons’s methods.
Simons and his team used their newfound wealth to upend society. Simons has become a major influence in scientific research, education, and politics, while senior executive Robert Mercer is more responsible than anyone else for Donald Trump’s victorious presidential campaign. The Renaissance team’s models didn’t prepare executives for the ensuing backlash.
The Man Who Solved the Market is the dramatic story of how Jim Simons and a group of unlikely mathematicians remade Wall Street and transformed the world.
EPFR will also be sponsoring a raffle to give away a number of copies of Greg's new book - EPFR, a subsidiary of Informa plc (LSE: INF), provides fund flows and asset allocation data to financial institutions around the world. Tracking over 100,100 traditional and alternative funds domiciled globally with more than $34 trillion in total assets, we deliver a complete picture of institutional and retail investor flows and fund manager allocations driving global markets. Our market moving data services include daily, weekly and monthly fund flows and monthly fund allocations by country, sector and industry. For more information, visit the EPFR website https://financialintelligence.informa.com/products-and-services/data-analysis-and-tools/epfr
Gregory Zuckerman is a Special Writer at The Wall Street Journal. He writes about big financial trades, hedge funds, private-equity firms and other investing and business topics. Greg is the author of "The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters," published November 2013 by Penguin Press. He's also the author of “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History,” published in December 2010 by Crown Business, a division of Random House. Greg and his two sons wrote Rising Above: How 11 Athletes Overcame Challenges in their Youth to Become Stars,” a book for young readers and adults that describes the moving and remarkable stories of how various stars overcame imposing setbacks in their youth.
Greg graduated from Brandeis University in 1988, Magna Cum Laude. He lives with his wife and two sons in West Orange, N.J., where they enjoy the Yankees in the summer, the Giants in the fall, and reminisce about Jeremy Lin in the winter.
For more information and to book your place, visit https://www.meetup.com/thalesians/events/267228923/