Alternative investments market round-up: Not indispensable

"The company could run very well without me" -Jim Simons, founder of Renaissance Technologies

 “We’ve done well and we have grown because of very good senior management. This is very far from a one-man shop. The company could run very well without me.”

Jim Simons, founder of $20 billion-plus Renaissance Technologies, who is refreshingly humble for a hedge fund manager, explains why his fund isn’t concerned about succession planning should he ever step down.