Thursday, 25 August 2016
Last updated 13 hours ago
Mar 9 2012 | 10:30am ET
Renaissance Technologies founder James Simons has entrusted some of his billions to a former California State Teachers' Retirement System private equity manager.
Pascal Villiger has joined Medley Partners, the firm Simons set up eight years ago to manage his private equity investments, Private Equity Hub reports. Medley is based in San Francisco.
Villiger has spent the last four years at CalSTRS, one of the country's largest pension funds and its second-biggest private equity investor. Prior to joining the public fund, he worked at UBS and Bank of America.
Simons has a personal fortune of $10.7 billion, Forbes reports.