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James Simons, the Grand Poobah of Renaissance Technologies, said he's going to waive the fees on his futures fund which was down 12% last year, or as Simons called his performance, "less than stellar."

The break in fees for this year adds up to $30 million for his $3 billion futures fund. In light of Simons move, I'd also like to announce that I'm waiving all user fees for this blog due to the Buy List's less-than-stellar performance.

Simons' Medallion Fund, I should add, was up 80% last year.

Posted by edelfenbein at January 5, 2009 10:45 AM