james simons

The smartest money on Wall Street may be at the top hedge funds, whose investment managers are paid billions a year to beat the market. Those gurus only take big money clients, but you can follow their lead: DailyFinance has the 10 best stock picks of the 10 highest-paid hedge fund managers.

Last December, I wondered whether James Simons, who made $2.5 billion last year, could be the next Bernie Madoff. I came to the conclusion that it was not likely but that the little evidence available about how the secretive math maven makes money did raise some questions for me. But now Simons...

On Monday, the stock market rose 498 points, a move that many attributed to the announcement over the weekend of a plan to buy $1 trillion in toxic waste that uses government loans to lure investors -- such as hedge funds -- into buying extremely risky securities. That sounds like the same thing...