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Renaissance Technologies News

News on Renaissance Technologies continually updated from thousands of sources around the net.

21 hrs ago | BlueOregon

Hedge fund run by Robert Mercer, who funded anti-DeFazio SuperPAC,...

It's a stunning story. According to an investigative report authored by Senators Carl Levin and John McCain , a handful of Wall Street banks and hedge fund managers created an "alternative universe" of financial transactions based on "a series of fictions" designed to help them avoid massive taxes.

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Related Topix: US Politics, US News, US Senate, Carl Levin, Democrat, John McCain, Republican, Financial Services, Investment Services, Peter DeFazio, US House of Representatives

Wed Jul 23, 2014

Reuters

Renaissance funds perform well, firm closes London office

Two funds at Renaissance Technologies, one of the world's biggest hedge funds, are performing better than the average hedge fund, but the company has stopped selling them in Europe because local marketing rules have been tightened.

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Related Topix: Financial Services, Investment Services, East-Setauket, NY

Free Republic

Senators Blast Dem Mega-Donor Over IRS Investigation into Tax Avoidance Scheme

A major Democratic donor who is funding some of the left's most politically active electioneering groups was subject to bipartisan condemnation this week in the midst of a federal investigation into his hedge fund's tax avoidance schemes.

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Related Topix: Financial Services, Investment Services, US Politics, US News, US Senate, Carl Levin, Democrat, John McCain, Republican

Insider Monkey

Mario Gabelli Adds To Position In Hittite Microwave Corp

Mario Gabelli still believes Hittite Microwave Corp is a good investment and has increased his fund's stake in the company.

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Related Topix: Financial Services, Gabelli Asset Management, Investment Services

Mon Jul 21, 2014

MarketWatch

Hedge fund dodged over $6 billion in taxes: senators

Hedge fund Renaissance Technologies used structured financial products purchased from Barclays and Deutsche Bank to avoid more than $6 billion in taxes, a pair of senators said Monday.

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Related Topix: Financial Services, Investment Services, US Politics, John McCain, US News, Tax

Fri Jul 18, 2014

The Washington Post

Renaissance Co-CEO Brown to Testify to Senate on Tax Trade

Peter F. Brown, co-chief executive officer of hedge-fund manager Renaissance Technologies LLC, is scheduled to testify before a Senate panel investigating his firm's use of financial products to lower its tax bills.

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Related Topix: Financial Services, Investment Services, Banking, Deutsche Bank AG, US Politics, US News, US Senate, Carl Levin, Democrat, Tax, Business News

Thu Jul 17, 2014

Insider Monkey

Lonestar Capital Management Boosts Stake In Westmoreland Coal Company

Jerome L. Simon is bullish on Westmoreland Coal Company and has increased his fund's investment in this company.

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Related Topix: Financial Services, Investment Services

Wed Jul 16, 2014

Bloomberg

Barclays, Deutsche Facing U.S. Senate Hearing

Barclays Plc and Deutsche Bank AG face scrutiny over their sale of products to a hedge-fund manager that allowed it to skirt borrowing limits and avoid taxes, according to people with knowledge of the matter.

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Related Topix: Banking, Deutsche Bank AG, Financial Services, Investment Services, US News, US Senate, Democrat, US Politics, Carl Levin, Tax

Chicago Tribune

Obama Library foundation raises more than $850,000

A Chicago investment manager with strong ties to Mayor Rahm Emanuel is among the contributors who have collectively donated more than $850,000 to the foundation overseeing the development of President Barack Obama's presidential library, according to disclosures released Tuesday.

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Related Topix: US Politics, US News, US House of Representatives, Democrat, Rahm Emanuel, 2012 Presidential Election, Barack Obama, US Senate, Non-Profit, Financial Services, Investment Services

Mon Jul 14, 2014

Insider Monkey

Hedge Fund Highlights: James Simons, Phil Falcone & Steven Cohen

Renaissance Probed by Senate Panel on Tax Maneuver A U.S. Senate investigative panel will hold a hearing July 22 to probe tax maneuvers by Renaissance Technologies LLC, the hedge fund started by billionaire James Simons , according to two people familiar with the matter.

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Related Topix: Financial Services, Investment Services, Games, Poker

Sat Jul 12, 2014

Bloomberg

Renaissance Said Probed by Senate Panel on Tax Maneuver

A U.S. Senate investigative panel will hold a hearing July 22 to probe tax maneuvers by Renaissance Technologies LLC, the hedge fund started by billionaire James Simons , according to two people familiar with the matter.

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Related Topix: Financial Services, Investment Services, Banking, Deutsche Bank AG, Tax, US Politics, US News, US Senate, Carl Levin, Democrat, Apple, Startups

Thu Jul 10, 2014

Insider Monkey

Ariel Investments Dumps POZEN Inc.

John W. Rogers has almost halved his fund's stake in POZEN Inc. , as reported in a recent filing with the Securities and Exchange Commission.

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Related Topix: Biotech, Medicine, Pozen, Healthcare Industry, Corporate / Securities Law, Law, Securities and Exchange Commission, Investment Services, Financial Services

Mon Jul 07, 2014

Sys-Con Media

CSHL Receives $50 Million to Establish Simons Center for Quantitative Biology

Cold Spring Harbor Laboratory today announced a $50 million gift from Jim and Marilyn Simons to establish the Simons Center for Quantitative Biology.

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Related Topix: Biology, Science, Cold Spring Harbor, NY, Mathematics, Cornell University, Financial Services, Investment Services, Stony Brook, NY

Business Journal

Math vs. cancer: Jim Simons' monster check will fund Long Island data crunchers

The Cold Spring Harbor Laboratory on Long Island will receive a $50 million gift to create the Simons Center for Quantitative Biology, a program that brings advanced numbers-crunching to complex medical research.

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Related Topix: Cold Spring Harbor, NY, Financial Services, Investment Services, Cornell University

Tue Jul 01, 2014

Insider Monkey

Hittite Microwave Corp (HITT) New Position in Elliott Associates' Equity Portfolio

Paul Singer 's Elliott Associates has recently initiated a stake in Hittite Microwave Corp , as a new filing with the SEC shows.

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Related Topix: Financial Services, Investment Services

Thu Jun 26, 2014

Insider Monkey

Becker Drapkin Management Cuts Stake In PRGX Global Inc

Becker Drapkin Management has reduced its exposure to PRGX Global Inc . The fund, run by Matthew Drapkin and Steven R. Becker , has decreased its holding of the stock to 1.49 million shares according to a recent filing with the Securities and Exchange Commission.

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Related Topix: PRGX, Financial Services, Accounting, Investment Services

Wed Jun 25, 2014

Insider Monkey

GAMCO Boosts Stake in Magnetek Inc

In a newly amended filing with the Securities and Exchange Commission, GAMCO Investors , managed by Mario Gabelli , has disclosed owning 150,271 shares of Magnetek Inc .

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Related Topix: Electronics, Magnetex, Financial Services, Gabelli Asset Management, Investment Services

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