Matt Levine, Columnist

Renaissance's Skill and Facebook's Buyback

Also GSE reform, banks, Trump, unicorns, etc.

November 21, 2016 at 2:18 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Renaissance.

The big problem with Renaissance Technologies, the Long Island-based "pinnacle of quant investing" founded by Jim Simons, is that its Medallion fund makes too much money: