James Simons, president of Renaissance Technologies, was one of five hedge fund managers called to Washington, D.C., last week to testify before Congress.
Simons was one of the chosen few because his $5 billion Medallion Fund, which has had an average annual return of 38% since 1989, after fees, is considered to be the most successful hedge fund in the industry. Due to its outstanding achievements, it charges the highest fees in the industry: a 5% management fee and a 44% incentive fee.
More and more, in the times of economic uncertainty, investors are looking to the stockholdings of the most successful hedge funds for piggybacking ideas. From there, investors can narrow down their choices by using favorable metrics, particularly high dividends.
Stockpickr has reviewed the stocks owned by Renaissance and compiled a list of the
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