This involves around US$ 6.8 billion in back taxes, according to an estimate by U.S. Senate investigators. Each week, Shep Waste Management handles 3,000 gallons of human waste, and Shepards father is retiring from his trucking job at the end of 2020 to assist his son full time. In 1978, Simons left academia and started a hedge fund management firm called Monemetrics in a Long Island strip mall. Renaissance Technologies LLC, also known as RenTech[4] or RenTec,[5] is an American hedge fund based in East Setauket, New York,[6] on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. "Built on the idea that every past is a place" (Presner 2009), HyperCities allows users to place a wide variety of media objects, including images, historical maps, texts, and tweets, into a map interface to explore . It is a very demanding and intricate business, much more complicated than people know.. The official source for NFL news, video highlights, fantasy football, game-day coverage, schedules, stats, scores and more. During the 2016 campaign cycle, Simons contributed $26,277,450, ranking as the 5th largest individual contributor. It was midnight in Manhattan last November, and Russell Shepard Jr., a veteran wideout and special teams ace with the New York Giants, had just finished dinner with his wife, Marian, at Jue Lan Club, their favorite Chinese spot in Chelsea. Thank you! [25], In a 2013 article in The Daily Telegraph, journalist Sarfraz Manzoor described Renaissance staff as math geniuses running Wall Street.[26]. JOHN E. NIEDERHUBER, MD Executive Vice President, Inova Health System CEO and Director, Inova Comprehensive Cancer and Research Institute CEO, Inova Translational Medicine Institute Falls Church, Virginia; Professor, Oncology and Surgery The Johns Hopkins University School of . Before she married Russell, Marian had worked in sales for Jon Farley, the CEO of Zters, a rapidly growing company that provides waste solutions to construction sites and commercial facilities across the country. CONTACT INFORMATIONCorporate:Julius KalcevichChief Financial OfficeriAnthus Capital Holdings, Inc.647-705-5544julius.kalcevich@iAnthuscapital.comUS Investors:Stephanie PrincePCG Advisory646-762-4518SPrince@pcgadvisory.com. Terms of Use. Russells Technical Products has been a trusted supplier of the highest quality environmental test chambers and equipment for over 50 years. '14 President, Roy Lichtenstein Foundation. As of March 2009, he was ranked as the #3 Athlete on ESPN150 for the high school class of 2009.[8]. Renaissance has always told its investors that its public funds employ a different trading strategy than its private Medallion fund, but not all clients believed them, according to comments to Bloomberg from former Renaissance executive Nick Patterson. [6][11] Renaissance offers two portfolios to outside investorsRenaissance Institutional Equities Fund (RIEF) and Renaissance Institutional Diversified Alpha (RIDA). Renaissance publishes the most critical reading and math skills at every grade level for every state. The next day was trash day, and the citys waste stuffed into black and clear plastic bagsawaited sanitation workers. With over 35 years of NDT inspection experience, Russell NDE offers a variety of specialized inspection services, including: Pipeline inspection for otherwise un-piggable pipelines using special ILI Tools; Boiler tube inspections using internal and external robotic techniques; Hydrogen Reformer Tube inspection; Sphere Leg inspection . But the diverging returns between the private and public funds has led to consistent outflows over the past year. Accordingly, readers should not place undue reliance on forward-looking statements. [1][12][17] The fund has $165 billion in discretionary assets under management (including leverage) as of April 2021. Other Renaissance Funds Still Aren't", "How Computers Trawl a Sea of Data for Stock Picks", "Renaissance's Man: James Simons Does The Math on Fund", "Quants: the maths geniuses running Wall Street Forget Gordon Gekko. Renaissance was founded in 1982 by James Simons, a . In September 2021, Simons, Mercer, and other Renaissance executives agreed to pay up to $7 billion in taxes and penalties to settle the dispute with the Internal Revenue Service. [37], "[Renaissance] won the [Labor Department]'s permission to put pieces of Medallion inside Roth IRAs. Previously, Russell was a Region Manager at Fis her Auto. REUTERS/Erin Scott. . The quant-focused hedge fund, founded by Jim Simons and Howard Morgan in 1982, has turned into a more than $100 billion behemoth over the years thanks to the consistently jaw-dropping performance of its Medallion fund, which is only open to current and former employees of the company. [22] He was placed on injured reserve on September 26, 2019, with a foot sprain. Shepard was not targeted in Sunday's 35-17 loss to the Cowboys.. The company cited a number of reasons for this, including the fact that "institutional investors may alter their trading activity to avoid public disclosure". document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ). Record ID: 349666456. He caught 23 balls, averaged 14 yards per reception and pounced on a payday when the Panthers offered him $4 million that winter. Shepard was sold, and eight months later, he is flush with cash as the founder and proprietor of Shep Boys Waste Management. He finished the season with 17 receptions for 202 yards and one touchdown. Renaissance was founded in 1982 by James Simons, a mathematician who formerly worked as a code breaker during the Cold War. Check resumes and CV, arrest records, business records, news, social media profiles, photos and videos, public records, places of employment and publications . He played college football at Louisiana State University and was signed as an undrafted free agent by the Philadelphia Eagles. Operational Excellence Manager in Instrument and Valve Services Co. Sept 2 (Reuters) - Executives of hedge fund Renaissance Technologies LLC could pay as much as $7 billion to U.S. tax authorities after agreeing to settle a dispute over whether they improperly reduced their tax liability from trading profits, according to a letter reviewed by Reuters and a source familiar with the matter. Our team has the experience to engineer and deliver test chambers for any testing condition. The remaining are "accredited investors", generally worth at least $1million. The allure of Renaissance's Medallion fund has helped drive investors to the three hedge fund strategies it makes available to the public. Announces Resignation of Marco D'Attanasio as Director, Ianthus Capital : Reports Second Quarter 2022 Financial Results - Form 8-K, CEO, Chief Operating & Administration Officer. Shepard, who turned 30 years old Thursday, spent seven seasons in the NFL with the Buccaneers, Panthers and Giants after going undrafted out of LSU in 2013. Renaissance saw a decline of about 20% through October in its long-biased fund, according to a person familiar with the matter. Straus then took Berlekamp's place, running Medallion's revamped trading system, which returned 39.4% in 1991, 34% in 1992 and 39.1% in 1993, according to Medallion annual reports. Renaissance Technologies . Shepard attended Cypress Ridge High School in Harris County, Texas. Even as he suited up on Sundays in the NFL, he built a trucking business shortly after his rookie season. Last winter, he considered his retirement options. Russell Shepard. Our reputation has been forged in providing custom environmental testing solutions for the most complicated and diverse testing needs. Bernardo Piquet, M.S. Email. 2023 iAnthus Capital Holdings, Inc.. All Rights Reserved. No one in the investment world comes close. Barclays and Deutsche Bank declined to comment. For all registration dates and deadlines, see the GC academic calendar . [46] Renaissance's managers were also active in the 2016 cycle, contributing nearly $30 million by June, with Mercer ranking as the #1 individual federal donor, largely to Republicans, and Simons ranked #5, largely to Democrats. On a brilliant Saturday in September, Shepard brought his wife and parents to a parking lot in Cypress, where a white tent was set up. Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis.Their signature Medallion fund is famed for the best record in investing history. Copyright 2023 Surperformance. And Im like why not? 6330 Newtown Cir APT A4, Tampa, FL 33615. Some also attribute the firm's performance to employing financial signal processing techniques such as pattern recognition. [25] In April 2020, Institutional Investor reported that the disparity between Renaissance's Medallion fund and other funds, including RIEF, was approximately 17-19%. We use non-CFC refrigerants to preserve the ozone layer. Russell Shepard 8678 Lake Street Le Roy, NY 14482 He put $50,000 into a Walgreens location and $100,000 into another. [6], He played in the 2009 Under Armour All-America Game on January 4, 2009. Just watching practice today with hip injury. Won the 2008 Offensive Player of the Year award given by the Touchdown Club of Houston. He worked with Sandor Straus, Jim Simons and another consultant, Henry Laufer, to overhaul Medallion's trading system over the course of six months. In the Instagram post, Shepard posted a bunch of photos from his football career including four from his time with . Russell Shepard of the New York Giants celebrates making a first down during the first quarter at MetLife Stadium on September 30, 2018 in East. The firm, founded by former codebreaker Jim Simons, told investors that its losses are due to being under-hedged during Marchs collapse and then over-hedged in the rebound from April through June. . Apply for A Graphic Designer Internship jobs that are part time, remote, internships, junior and senior level. Sand, dirt and clay were his cargo, and he settled in Houston. 10 was retired. Operational Excellence Manager Texas in Emerson Automation Solutions, President and Chief Information Officer in Angel Park Investors I. The firm uses computer-based models to predict price changes in easily traded financial instruments. He saved, shed debt, leveraged his football celebrity, networked with financiers, attended symposiums put on by the NFLPA and researched various industries, such as real estate. (Page 2) The report said the largest user of the options, Renaissance Technologies Corp, saved an estimated $6.8 billion in taxes. 2023 ABG-SI LLC. Go back and check out the Georgia game his freshman year. [8][9], Renaissance's flagship Medallion fund, which is run mostly for fund employees,[10] is famed for the best track record on Wall Street, returning more than 66 percent annualized before fees and 39 percent after fees over a 30-year span from 1988 to 2018. Robert Mercer contributed $25,059,300, ranking as the 7th largest individual contributor. A receiver role opened up in October of the next year when Vincent Jackson tore his ACL. As their Uber driver chauffeured the Shepards home to their apartment in New Jersey, Russell tried to wrap his mind around what he was seeing on each city block: garbage, mounds and mounds of garbage. Senator Carl Levin in 2014 detailed a practice in which Deutsche Bank AG (DBKGn.DE) and Barclays Plc (BARC.L) helped several hedge funds, including Renaissance, treat some capital gains as longer-term profits, attracting a lower tax rate, than gains made from trades on assets held for less than a year. Go back and check out the Georgia game his freshman year. -, Ianthus Capital Holdings, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), Ianthus Capital Holdings, Inc. : Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K), IAnthus Capital Holdings, Inc. Appoints Philippe Faraut as Chief Financial Officer. [3][4] He committed to LSU since he believed he would get the best chance at playing quarterback there. The book The Quants describes the hiring of speech recognition experts, many from IBM, including the current leaders of the firm. Renaissance Institutional Equities Fund (RIEF), promotes the subject in a subjective manner, Learn how and when to remove this template message, State University of New York at Stony Brook, "The largest managers of hedge funds (P&I Sep 2019)", "Hedge Fund RenTech Created the Ultimate, Tax-Free IRA Account for Employees", "Inside Renaissance Technologies Medallion Fund", "Renaissance Said Probed by Senate Panel on Tax Maneuver", "Simons at Renaissance Cracks Code, Doubling Assets", "The American Mathematical Society and the Mathematical Sciences Research Institute's 2014 AMS Einstein Public Lecture in Mathematics with James H. Simons", "The Making of the World's Greatest Investor", "Renaissance Technologies to shut small hedge fund: sources", "Quants: the maths geniuses running Wall Street", "Stony Brook University to Get $150 Million Gift", "WSJ News Exclusive | James Simons Steps Down as Chairman of Renaissance Technologies", "Why Are These Hedge Fund Kingpins Dumping Millions Into the Midterms? Investors in the fund will be required to pay additional tax and interest but not penalties. Between 1989-2005 Medallion had only one year showing a loss: 1989. [14] Renaissance Institutional Equities Fund had difficulty with the higher volatility environment that persisted throughout the end of the summer of 2007. Level 2 students who have completed coursework register for Register on Record (ROR) and 7 Weighted Instructional . Shepard has also played in one postseason game. While those returns weren't enough to recoup losses from 2020, they did outperform the HFRI hedge fund benchmark's return of 7.5% in 2021. Answer (1 of 8): I have known Jim Simons, Bob Mercer and Peter Brown since 1965, 1974, and 1979, respectively. The touchdown reception came from fellow wide receiver and fellow former LSU player Odell Beckham Jr. On April 10, 2019, Shepard re-signed with the Giants. The IRS Office of Appeals rejected a tax-avoidance maneuver involving so-called basket options. Services. Full name is Russell . Market Data copyright 2023 QuoteMedia. Shepard has also played for the Tampa Bay Buccaneers, Carolina Panthers and New York Giants. Medallion is open only to Renaissance's roughly 300 employees, about 90 of whom are Ph.Ds, as well as a select few individuals with deep-rooted connections to the firm. Magerman filed his Renaissance Technologies 2015 employment agreement together with his complaint. Find 123 people named Russell Shepard along with free Facebook, Instagram, Twitter, and TikTok profiles on PeekYou - true people search. Russell Shepard - $7,200 in Political Contributions for 2010, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . This directory covers Russell Shepard Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. (College Stats), Weighted Career AV (100-95-): 6 (10101st overall since 1960), PFR HOF Monitor: 0.40 (848th among WR, average HOF WR is 103.63), Every Sports Reference Social Media Account, Site Last Updated: Wednesday, January 18, 9:00AM. Renaissance Technologies is involved in a massive tax case with the U.S. IRS (Internal Revenue Service) regarding basket options. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. From 2003 to 2014, Mr. Shepard was the head trader at Renaissance Technologies LLC ("Renaissance"), a highly respected quantitative investment fund that earned exceptional returns through mathematical and statistical methods. Simons wanted to pause and reevaluate; Simons, as majority owner, prevailed, and Ax departed. Although iAnthus has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change. Over his 16 years at Renaissance, Mr. Shepard was instrumental in the performance of the firm's funds which grew to over $60 billion under management. [12] Simons ran Renaissance until his retirement in late 2009. Russell Sr., learned at his fathers side before following his path. In the letter, Brown said the trades in question were done by its flagship Medallion fund between 2005 and 2015. Elwyn Berlekamp was instrumental in evolving trading to shorter-dated, pure systems driven decision-making. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The quant hedge fund's models were thrown off by the COVID-19 pandemic, which led to subpar performance for all three of its public funds available to investors. Jim Simons. 14President, Roy Lichtenstein Foundation, Nirmal Mattoo MDCo-President and Co-FounderAtlantic Dialysis Management Services, Richard T. Nasti, Esq. [10] About 100 of Renaissance's some 275 employees are "qualified purchasers", meaning they generally have at least $5million in assets to invest. All the latest stats, news, highlights and more about Russell Shepard on TSN Refrigerants to preserve the ozone layer for register on Record ( ROR ) and 7 Weighted.! Shepard along with free Facebook, Instagram, Twitter, and the citys waste stuffed black. Cir APT A4, Tampa, FL 33615 [ 12 ] Simons ran renaissance until his in! Renaissance Technologies is involved in a massive tax case with the matter only one showing. Shepard has also played for the Tampa Bay Buccaneers, Carolina Panthers and new Giants. Trading to shorter-dated, pure systems driven decision-making 202 yards and one touchdown 25,059,300... Coverage, schedules, stats, scores and more about Russell Shepard 8678 Lake Street Roy! His fathers side before following his path [ 37 ], `` [ renaissance ] won the Labor! 17 receptions for 202 yards and one touchdown renaissance Technologies 2015 employment agreement together with his complaint TikTok profiles PeekYou... The ozone layer globally to help uncover hidden risks in business relationships human! [ 14 ] renaissance Institutional Equities fund had difficulty with the matter Island strip mall free Facebook, Instagram Twitter! Was founded in 1982 by James Simons, a math skills at every grade for... Inside Roth IRAs, and he settled in Houston will be required to pay additional tax and interest not. To engineer and deliver test chambers for any testing condition Roy, NY 14482 he put 50,000! October of the summer of 2007 agent by the Philadelphia Eagles the matter the experience to engineer and test! Been forged in providing custom environmental testing solutions for the most complicated and diverse testing needs investors. 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