Renaissance Technologies, Two Sigma, Leman Capital - The Triumph of the Quants
Last year was a tough slog for people in the hedge fund business. Most hedge fund managers delivered their worst performance in years - with billionaire David Einhorn's Greenlight Capital hedge fund being ranked among last year's worst performers, and hedge fund mogul Bill Ackman's Pershing Square Capital Management losing more than $2 billion on its largest stock holding Valeant Pharmaceuticals. The industry's performance was hit so hard that the number of now-defunct hedge funds that closed in 2015 is...
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