Independent firm profile
Renaissance Technologies
Quantitative hedge fund and proprietary trading firm best known for the Medallion Fund.
- Headquarters
- East Setauket, USA
- Founded
- 1982
- Funding model
- Bank / Institutional
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
Renaissance Technologies (RenTec) is the legendary quantitative firm behind the Medallion Fund. It hires PhDs in math, physics, statistics and computer science to research and trade systematic strategies. Not retail-accessible.
"Apply rigorous scientific methods to financial markets."
At a glance
Structured facts about this firm
- Firm Type
- Bank / Institutional prop firm
- Market Focus
- Futures, Stocks, Options, Forex
- Trading Style
- Bank or Institutional Prop Desk
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders
- Geography
- East Setauket, USA · North America
- Known For
- Medallion Fund
- CEO
- Peter Brown
- Team size
- ~300 employees
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Compensation among the highest in finance for senior researchers.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Best-in-class returns history
- +Deep scientific culture
- +Long-tenured staff
Trade-offs
- −Extremely selective
- −Closed to outside capital (Medallion)
- −Not retail-accessible
Frequently asked questions
Common questions about Renaissance Technologies
Is Renaissance Technologies a legitimate prop firm?+
Renaissance Technologies was founded in 1982 and is headquartered in East Setauket, USA. Quantitative hedge fund and proprietary trading firm best known for the Medallion Fund.
Does Renaissance Technologies require an evaluation?+
No. Renaissance Technologies offers funded accounts without a traditional evaluation phase.
What is the profit split at Renaissance Technologies?+
Renaissance Technologies's published profit split is: Employee profit participation (Medallion partners).
How often does Renaissance Technologies pay out?+
Renaissance Technologies processes payouts on a n/a basis.
What platforms does Renaissance Technologies support?+
Renaissance Technologies supports the following trading platforms: Proprietary systems.
What trading restrictions does Renaissance Technologies enforce?+
At Renaissance Technologies, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.