[tchitra]

> Berlekamp also created an algorithmic trading system that he sold to Jim Simons and that became a starting point for Renaissance Technologies, now the world’s largest hedge fund.

Renaissance isn't the world's largest hedge fund.

[droshelovich]

As far as I know, they only have to disclose to the SEC how much money they have invested in equities. Since they don't publicly state total assets under management, we can't really know how much money Renaissance manages. They could have loads more than $52b invested in debt, commodities, currencies, etc.

http://whalewisdom.com/filer/renaissance-technologies-llc

[tchitra]

I should correct myself:

It is extremely unlikely that they are the biggest fund based on their fundraising history.