The Modern CFO The Dynamics of Scaling with David Magerman
Jun 28, 2022
Renowned computer scientist David Magerman discusses his journey from research to joining Renaissance Technologies. The podcast explores Renaissance's unique hiring approach, common mistakes in fundraising conversations, impact of downturn and excitement for emerging technologies, challenges of scaling, and the underestimated impact of technology on society.
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From IBM Research To Renaissance
- David Magerman joined Renaissance in 1995 after IBM researchers moved to a quantitative hedge fund. He describes a mid-90s exodus from IBM that brought research rigor into trading.
Engineering Scales Quant Strategies
- Engineering infrastructure enabled Renaissance to scale from dozens to thousands of instruments. Magerman argues that unified, well-engineered systems drove much of their success.
Hire Outside Finance For Fresh Views
- Renaissance intentionally hired non-financial scientists to gain fresh perspectives on markets. Diverse scientific mindsets revealed patterns traditional finance overlooked.