I don't have enough money to be a client of theirs, so I don't need to have an opinion of them. I think you need to be an "accredited" investor and have $10 million you can afford to risk--something in that ballpark.
You can read a lot about them in The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It, by Scott Patterson. I read the book but I've forgotten what I read--that is, I've forgotten which of them blew up when. Maybe Renaissance was the one that hasn't blown up yet?
As with all hedge funds, I like to think those grapes are sour anyway. Eugene Fama famously said of them, "If you want to invest in something where they steal your money and don’t tell you what they’re doing, be my guest."
Last edited by nisiprius
on Fri Dec 21, 2012 11:15 pm, edited 1 time in total.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.