Jim Simons

Soros Fund Management chairman George Soros, left, shakes hands with Renaissance Technologies President James Simons on Capitol Hill in Washington, Thursday, Nov. 13, 2008, prior to testifying before the House Oversight and Government Reform Committee hearing on “Hedge Funds and the Financial Market”. (AP/Kevin Wolf)

(ZHE) In the world of hedge funds, few have achieved as much consistent success and profitable returns as Jim Simon’s Renaissance Technologies, the multi-billion fund which unleashed and popularized quant investing, and whose legendary “Medallion” fund, run mostly for fund employees, has been the object of LP lust for years.