Man Who Solved the Market

NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER

SHORTLISTED FOR THE FT AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019

'Reads more like a delicious page-turning novel...Put it on your holiday gift list for your favourite hedge-fund honcho' Bloomberg

'A compelling read' Economist

'Captivating' New York Times book review

Jim Simons is the greatest moneymaker in modern financial history. His record bests those of legendary investors, including Warren Buffett, George Soros and Ray Dalio. Yet Simons and his strategies are shrouded in mystery. The financial industry has long craved a look inside Simons's secretive hedge fund, Renaissance Technologies and veteran Wall Street Journal reporter Gregory Zuckerman delivers the goods.

After a legendary career as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. Simons hired physicists, mathematicians and computer scientists - most of whom knew little about finance - to amass piles of data and build algorithms hunting for the deeply hidden patterns in global markets. Experts scoffed, but Simons and his colleagues became some of the richest in the world, their strategy of creating mathematical models and crunching data embraced by almost every industry today.

As Renaissance became a major player in the financial world, its executives began exerting influence on other areas. Simons became a major force in scientific research, education and Democratic politics, funding Hilary Clinton's presidential campaign. While senior executive Robert Mercer is more responsible than anyone else for the Trump presidency - he placed Steve Bannon in the campaign, funded Trump's victorious 2016 effort and backed alt-right publication Breitbart. Mercer also impacted the success of the Brexit campaign as he made significant investments in Cambridge Anatlytica. For all his prescience, Simons failed to anticipate how Mercer's activity would impact his firm and the world.

In this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Street, and reveals the impact that Simons, the quiet billionaire king of the quants, has had on worlds well beyond finance.

Auteur

Gregory Zuckerman

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NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER

THE GRIPPING STORY OF HOW A WORLD-CLASS MATHEMATICIAN AND FORMER CODE BREAKER MASTERED THE MARKET

When Jim Simons hired physicists, mathematicians and computer scientists to form a hedge fund, experts scoffed. These people would become some of the richest in the world, amassing piles of data and building algorithms that would find the deeply hidden patterns in global markets.

Taking the name Renaissance, the company's executives soon began exerting influence outside of the financial world. While Simons became a major figure in scientific research, education, and liberal politics, his senior executive Robert Mercer has been credited with Trump's victorious presidential candidacy and helping steer the UK towards Brexit.

Drawing on unprecedented access to Simons and dozens of his employees, Zuckerman, a veteran Wall Street Journal investigative reporter, paints a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm, his country and the world.

SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR

'Reads more like a delicious page-turning novel' Bloomberg

'A compelling read' Economist

'Captivating' New York Times book review