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7 hours ago · The turbulent end of state-sanctioned racial discrimination was one of the most pressing domestic issues of the 1960s. Jim Crow segregation had been established law in the Deep South for much of the 20th century, but the Supreme Court of the United States had ruled in 1954 in Brown v.
1 day ago · t. e. In the United States, black genocide is the argument that the systemic mistreatment of African Americans by both the United States government and European Americans, both in the past and the present, amounts to genocide. The decades of lynchings and long-term racial discrimination were first formally described as genocide by a now-defunct ...
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James Simons founded Renaissance Technologies following a decade as the Chair of the Department of Mathematics at Stony Brook University. Simons in 1976 was a recipient of the Oswald Veblen Prize of the American Mathematical Society, which is geometry's highest honor. He is known in the scientific community for co-developing the Chern–Simons theory...
The firm uses quantitative trading, where staff tap data in its petabyte-scale data warehouse to assess statistical probabilities for the direction of securitiesprices in any given market. Staff attribute the breadth of data on events peripheral to financial and economic phenomena that Renaissance takes into account, and the firm's ability to manip...
Renaissance employs specialists with non-financial backgrounds, including computer scientists, mathematicians, physicists, signal processing experts and statisticians. The firm's latest fund is the Renaissance Institutional Equities Fund (RIEF).RIEF has historically trailed the firm's better-known Medallion fund, a separate fund that contains only ...
In 1978, Simons left academia and started a hedge fund management firm called Monemetrics in a Long Island strip mall. The firm primarily traded currencies at the start. It did not occur to Simons at first to apply mathematics to his business, but he gradually realized that it should be possible to make mathematical models of the data he was collec...
2014 tax avoidance investigation
In July 2014, Renaissance Technologies was included in a larger investigation undertaken by Carl Levin and the Permanent Subcommittee on Investigations on tax evasion by wealthy individuals. The focus of the tax avoidance investigation was Renaissance's trading strategy — which involved transactions with banks such as Barclays Plc and Deutsche Bank AG — through which profits converted from rapid trading were converted into lower-taxed, long-term capital gains. The strategy was also questioned...
Campaign contributions
According to OpenSecrets, Renaissance was the top financial firm contributing to federal campaigns in the 2016 election cycle, donating $33,108,000 by July. By comparison, over that same period sixth ranked Soros Fund Management has contributed $13,238,551. Renaissance's managers were also active in the 2016 cycle, contributing nearly $30 million by June, with Mercer ranking as the #1 individual federal donor, largely to Republicans, and Simons ranked #5, largely to Democrats. They were top d...
7 hours ago · Jack Sock (born September 24, 1992) is an American pickleball player and former professional tennis player. He won four career singles titles and 17 doubles titles on the ATP Tour, and had career-high tennis rankings of world No. 8 in singles (on 20 November 2017) and world No. 2 in doubles (on 10 September 2018).
1 day ago · v. t. e. The 2004 United States Senate election in Illinois was held on November 2, 2004. Incumbent Republican Senator Peter Fitzgerald decided to retire after one term. The Democratic and Republican primary elections were held in March, which included a total of 15 candidates who combined to spend a record total of over $60 million seeking the ...
7 hours ago · OVW was founded by Nightmare Danny Davis in 1993 as a National Wrestling Alliance (NWA) member promotion under the name NWA Ohio Valley Championship Wrestling. The company primarily ran shows in the Kentucky and Indiana territories that were formerly run by the United States Wrestling Association, with weekly shows run out of the original Davis Arena in Jeffersonville, Indiana, with larger ...
7 hours ago · The 1983 NFL draft was the procedure by which National Football League teams selected amateur college football players. It is officially known as the NFL Annual Player Selection Meeting. The draft was held April 26–27, 1983, at the New York Sheraton Hotel in New York City, New York. [1] [2] No teams elected to claim any players in the ...
