Can algorithms beat the market? This important question comes to the mind of every quantitative trader. Do you know about the Renaissance Technologies Hedge Fund that has been consistently making 78% annual return since 1994? Renaissance Technologies was established by John Simons a mathematician. It is a quantitative hedge fund that uses secret algorithms to consistently beat the market. In 2008 when market turmoil was at its extreme it made 98% annual return. You can watch this 1 hour 30 minutes interview with billionaire mathematician John Simons
