posted 17-09-2006 08:38            

http://media.fronto.com/streaming/nordnet/080206/

http://www.bluechillies.com/details/34698.html

[This message has been edited by Tyren (edited 20-08-2008).]

posted 29-12-2006 21:38            

"Inside" insight about the 1970's,(L.Kudlow) : http://www.cnbc.com/id/15840232?video=158392887 http://www.cnbc.com/id/15840232?video=158393743 http://www.cnbc.com/id/15840232?video=158395188

http://www.cnbc.com/id/15840232?video=158426393

(video)

posted 04-02-2007 00:20            

Most people will always want to mess with a system, tweak it and experiment. No two people will use it exactly the same way, their entries and exits will all vary slightly but a system is only a small piece of the puzzle. As professional traders know, consistent profitability isn't dependent on a holy grail system, it's conquering psychological issues and money management issues.

posted 25-04-2007 22:16            

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SAC Capital Advisors

$900 MILLION

STEVEN COHEN HAS BEEN WORKING hard to shed his image as a secretive, reclusive billionaire hedge fund manager who hides behind the gates of his palatial Greenwich, Connecticut, estate, with its indoor basketball court and pool, outdoor skating rink and two-hole golf course. The founder of Stamford, Connecticut­based SAC Capital Advisors has switched public relations firms and has begun to speak selectively to the press, describing himself as a regular family guy who likes his privacy.

One big part of the message: SAC Capital, which manages $11 billion, is more than just the rapid-fire hedge fund that has earned the 50-year-old Cohen a reputation as one of the best traders of all time. Cohen has added a private equity business, hiring former Ripplewood Holdings managing partner and CFO Peter Berger to run it, and a lending operation. In addition, he raised $1 billion for a new multistrategy fund, which has a three-year lockup. Cohen has also recently stepped up his activist activities. Earlier this year he threw his support behind Carl Icahn (No. 10 on the list), who has launched a hostile takeover bid for troubled Florida-based homebuilder WCI Communities. (WCI's board of directors rejected the $950 million offer.) SAC indicated in a March regulatory filing that it "may engage in discussions" with WCI management, the board, shareholders and other relevant parties about the company's plans.

Like Citadel Investment Group's Kenneth Griffin (No. 2), Cohen has been named one of ARTnews magazine's top ten collectors. Last year he shelled out $63.5 million for Police Gazette, an abstract 1955 landscape painted by Willem de Kooning.

posted 25-04-2007 22:22            

Renaissance Technologies Corp.

$1.7 BILLION

EVEN THE MOST SUCCESSFUL hedge fund managers have to shake their heads in wonderment at the extraordinary continued success of Renaissance Technologies Corp. founder James Simons. Last year his $6 billion Medallion fund posted a 44 percent return after fees, easily exceeding its roughly 36 percent average annualized net return since he launched the quant-based fund in 1988. What makes his performance all the more impressive is that the 69-year-old Simons, who has a Ph.D. in mathematics from the University of California, Berkeley, and once worked as a code breaker for the U.S. Department of Defense, charges a hefty 5 percent management fee and 44 percent performance fee. (The gross return was an astonishing 79 percent.) With $1.7 billion in estimated earnings, Simons tops our list of the best-paid managers for the second straight year.

Medallion, which is closed to outside investors, uses sophisticated computer programs to identify price anomalies, trading everything from equities and commodities to futures and options. An acclaimed mathematician, Simons has hired about 80 Ph.D.s at Renaissance's offices in Manhattan and East Setauket, New York, to find ways to enhance his firm's existing strategies and discover new ones. In August 2005 he launched the Renaissance Institutional Equity Fund, a long-short product that invests exclusively in equities and has a longer holding period for its securities than does frenetic Medallion. By maintaining a net exposure to the market of 100 percent, RIEF has been popular among institutional investors looking for higher returns from their traditional equity allocation. The fund has quickly grown to $20 billion, or one fifth of its stated $100 billion capacity; it was up about 20 percent last year.

Simons, who has said publicly that most of the researchers Renaissance has hired in the past seven years were educated outside the U.S., is a major proponent of boosting math skills. He was named to the National Mathematics Advisory Panel by President George W. Bush's administration to suggest ways to advance the teaching of math and is the founder and chairman of Math for America, a nonprofit organization whose mission is to improve math education in U.S. public schools.

In February, Simons received an award from software and IT solutions company SunGard and the International Association of Financial Engineers as their 2006 financial engineer of the year. At the award dinner, which was held at the United Nations, in New York, Simons told the crowd that although he was flattered to receive the prize, before getting it he never really thought of himself as a financial engineer. "At Renaissance we have lots of smart, imaginative people making lots of money," he said. "If that's financial engineering, I'm all for it."

posted 30-05-2007 20:58            

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posted 02-07-2007 20:01            

Q: What drives your innovative process?

WD: What drives my innovative process? Fear of being wrong and losing all my clients, greed in trying to be more accurate in the market, and a desire to hone my skills. Somebody once asked me why I didn't manage any money, and I said well, that's a whole different set of skills than market forecasting, and when I perfect my skills in market forecasting, I'll try another field, but I am still trying to perfect my skills in market analysis.

Q: Do you and to what extent collaborate with others during the innovative process?

WD: It's mostly on my own. I ask for other people's help when I am looking for data, for example. In some cases when I have tentative conclusions I'll share them with some people. But basically, if it's something I am developing, I know more about what's going on with the particular indicator or whatever it is that I am developing, so it's usually on my own.