Tuesday, May 22, 2007

Renaissance hedge fund: Only scientists need apply

(Reuters) - The top-performing firm only hires scientists to develop
its trading strategies, all of which are executed entirely by
computers, its founder and president Jim Simons told an
industry audience in New York this week.




"We hire physicists, mathematicians, astronomers and
computer scientists and they typically know nothing about
finance," Simons said in a keynote address at the International
Association of Financial Engineers annual conference. "We
haven't hired out of Wall Street at all."


Read more at Reuters.com Mergers News

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