jim simons yacht archimedes

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Trader Assets: Jim Simons' Archimedes Yacht

Greek mathematician Archimedes was considered one of the leading scientists in classical antiquity, credited with anticipating modern calculus, analysis and deriving an accurate approximation of pi.

To many in finance, Jim Simons is regarded as a modern-day mathematical divinity, regarded amongst the smartest of the world’s billionaires for his role in founding New York-based Renaissance Technologies.

With estimated assets under management of $110 billion, Simons created one of the world’s leading funds following his career as a maths teacher at Stony Brook University. Forbes estimate that Simons himself has a net worth of over $21 billion.

8 Top Philanthropic Traders

But at 80-years-old, Simons has long since retired from the top job at Renaissance, although he continues to be named as its non-exec chair. Instead of monitoring the markets, Simons now prefers to spend his time divided between philanthropic projects (mostly related to mathematics and scientific educational grants) and relaxing on his yacht. The 68-metre long vessel known as… The Archimedes.

Its striking blue hull was recently spotted off the south coast of the UK, was built in 2008 by Dutch shipyard Feadship. Weighing over 1,000 tonnes, the yacht can host up to 16 guests in eight cabins and features a dining room, a study, an outdoor pool and even a piano.

It all requires a 10-strong crew with a combined salary of around £1.5m a year. Annual maintenance on top of that is estimated at a further £1m. Insurance alone is likely to cost around a quarter of a million, with dockage fees around the same. With estimated fuel ‘economy’ of 500 litres an hour, petrol costs are likely to run into the hundreds of millions.

Trading Legends: Jim Simons

But they say that money buys power and that is certainly the case when it comes to The Archimedes - with twin Caterpillar engines that boast over 4,000 BHP. For comparison, the Lotus Evija - recently crowned the world’s most powerful car - manages ‘just’ 2,000 BHP. It all means that Simons’ ship cuts through the ocean at a top speed of 16 knots, at a range of 6,000 nautical miles.

If you like the sound of that and want to make the legendary fund manager an offer he can’t refuse, you’ll be expected to stump up at least the $100m it is currently valued at…

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$100 million super yacht 'Archimedes' docked at Port of Pensacola

by WEAR staff

PENSACOLA, Fla. -- A super yacht reported to be worth $100,000,000 is currently docked at the Port of Pensacola.

"Archimedes" is owned by U.S. billionaire James Simons.

It was manufactured at The Feadship Royal Van Lent Shipyard in Netherlands in 2008, according to CharterWorld.com.

It is unclear how long the yacht will be docked in Downtown Pensacola.

More From Forbes

Billionaire superyacht showdown: who’s who in st. barths for new years 2022.

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Gustavia harbor, St Barts, Caribbean

Every time I arrive at St. Barths, I feel an instant buzz of energy. Typically on tropical Caribbean islands, I am lulled into a quiet calm, but this island's life is far from that, especially during the holidays. Beaches are full of sun worshippers, while streets are filled with traffic and shoppers, this paradise is pulsing with action.

This year many of the hotels are celebrating refreshed, renovated re-openings including my favorites; Cheval Blanc , Eden Rock , and Le Toiny . Also restaurants like Bagatelle , Le Tamarin , L’Isola and even a cool new bohemian beach club Gyp Sea (where you might rub elbows with Jeff Bezos). You will often see the yacht owners and their guests dining out at these boîtes, but during festival season, it is nearly impossible to get a table.

Anchored overlooking the action is a vast collection of some of the most spectacular superyachts in the world. Russian oligarchs and international CEOs rub shoulders with tanned and toned celebrities as they tease the paparazzi, and the nightlife seems to go on until the early hours.

This year, the legendary superyacht showdown started with numerous high-profile billionaires already anchored outside of Gustavia harbor and Anse de Colombier. Many stayed throughout Christmas on neighboring islands like Antigua, and Virgin Gorda, and then partied with the outrageous fireworks New Years' Eve celebration in St Barths.

Nikki Beach New Years Eve

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Despite the pandemic hitting all industries hard in the past two years, the yachting industry is thriving. In a recent Global Order report by Boat International , an impressive 1,024 yacht projects are being built or on order for 2022. Demand is strong across almost all superyacht categories and sizes 147 feet and above saw a rise of 10.5 percent. The Expedition yacht category grew by 33 percent, with 85 vessels recorded on build or on order.

Hot spots around St Barths hosted New Year's Eve parties, including Bonito (Kool & the Gang concert), and Nikki Beach , while Eden Rock had Dua Lipa performing at the Luisaviaroma x UNICEF gala.

Here is a selection of some of the largest yachts that were in and around St. Barths for the holidays. This list with owner details was sourced by my friends at Superyachtfan .

OVER 300 Feet

Superyacht Eclipse

ECLIPSE (533 feet)

Owned by billionaire Russian Steel magnate Roman Abramovich

Rising Sun yacht

RISING SUN (454 feet)

Owned by billionaire entertainment mogul David Geffen

'Flying Fox', one of the top 20 largest superyachts in the world

FLYING FOX (446 feet)

Previously rumored to be owned by Jeff Bezos but denied by Amazon

'Le Grand Bleu' yacht

LE GRAND BLEU (371 feet)

Owned by Russian oil billionaire Evgeny Shvidler

KAOS (361 feet)

Owned by Walmart heiress Nancy Walton Laurie

DREAM (348 feet)

Owned by Greek shipping magnate George Prokopiou

MOONRISE (327 feet)

Owned by billionaire WhatsApp founder Jan Koum

The Newly Restored Christina O, Former Private Yacht Of Aristotle Onassis

CHRISTINA O (325 feet)

Owned by Irish lawyer Ivor Fitzpatrick. Previously a Canadian anti-submarine frigate converted into a superyacht by Aristotle Onassis.

LAC LEMAN (315 feet)

Owned by biotech billionaire Ernesto Bertarelli .

KISMET (312 feet)

Owned by billionaire Jacksonville Jaguar owner Shahid Khan

QUEEN MIRI (300 feet)

Owned by casino magnate Sheldon Adelson.

TRANQUILITY (300 feet)

Owned by Malaysian Casino billionaire Lim Kok Thay

UNDER 300 feet

Addiction (172 feet).

Owned by Russian telecom oligarch Sergey Adoniev

AIR (266 feet)

Owned by Italian candy billionaire Augusto Perfetti

ARCHIMEDES (222 feet)

Owned by Renaissance Technology billionaire Jim Simons

AQUILA (281 feet)

Owned by Walmart heiress Ann Walton Kroenke

AXIOMA (240 feet)

Owned by Russian steel billionaire Dmitry Pumpyansky

AZTECA (236 feet)

Owned by Mexican media billionaire Ricardo Salinas Pliego

BATON ROUGE (205 feet)

Owned by construction magnate Martin Bouygues

BROADWATER (184 feet)

Owned by AnyBill founder Matthew Voorhees

ELYSIAN (253 feet)

Owned by Boston Red Sox billionaire owner John Henry

EXCELLENCE (263 feet)

Owned by billionaire car dealer Herb Chambers

FLAG (205 feet)

Owned by fashion icon Tommy Hilfiger

GENE MACHINE (180 feet)

Owned by Engineer/Scientist Jonathan Rothberg who has a lab aboard his yacht where is developing an at-home antigen test

HALO (189 feet)

Owned by Mexican beer billionaire Maria Asuncion Aramburuzabala

HOME (164 feet)

Owned by private investor and adventurer Harald McPike

HOSPITALITY (164 feet)

Owned by American Recovery Services founder Patrick Willis

ILLUSION V (189 feet)

Owned by property developer Brett Alexander Palos

JOY (230 feet)

Owned by real estate magnate Sahmeer Gehlaut

KAMALAYA (180 feet)

Owned by PokerStars billionaire Mark Scheinberg

KISSES (175 feet)

Owned by Florida car dealer Norman Braman

LADY JORGIA (243 feet)

Owned by waste managment magnate Patrick Dovigi

LADY KATHRYN V (203 feet)

Owned by Construction CEO Leo Vecellio

LARS (154 feet)

Owned by construction magnate Henry Holterman

LAUREL (240 feet)

Owned by Paychex founder billionaire Tom Golisano

LIONESS V (208 feet)

Formerly owned by British retail billionaire Sir Philip Green

LUNASEA (240 feet)

Owned by video game developer Yahn Bernier

MEAMINA (194 feet)

Owned by oil and gas magnate Beny Steinmetz

METIS (207 feet)

Owned by pharmaceutical billionaire Wilhelm Beier

MIA ELISE II (198 feet)

Owned by US car dealer Terry Taylor

MOSKITO (181 feet)

Owned by retail billionaire Tom Morris

MUCHO MAS (144 feet)

Owned by construction magnate Juan Carlos Mas

NENINKA (222 feet)

Owned by Grupo Financiero Interacciones billionaire Carlos Hank Rhon

NERO (296 feet)

Owned by Digicell billionaire founder Denis O’Brien

OLIVIA O (291 feet)

Owned by shipping billionaire Eyal Ofer

PARSIFAL III (177 feet)

Owned by coffee brewer magnate Kim Vobe Petersen

PLANET NINE (240 feet)

Owned by banker Nat Rothschild

POWER PLAY (181 feet)

Support vessel to yacht Moonrise, owned by WhatsApp founder Jan Koum.

ROCHADE (156 feet)

Owned by billionaire beer importers Rob and Richard Sands

ROSEHEARTY (183 feet)

Formerly owned by Rupert Murdoch and now developer/adventurer Joey Kaempfer

SAMURAI (197 feet)

Owned by German advertising billionaire Udo Mueller

SEANNA (213 feet)

Owned by real estate billionaire Stan Kroenke , and wife Walmart heiress Ann Walton

SEASENSE (207 feet)

Owned by real estate billionaire Charles Cohen

SILVER LINING (164 feet)

Owned by Life Cares billionaire founder Forrest Preston

SIREN (240 feet)

Owned by tech and real estate billionaire David Reuben

SOARING (224 feet)

Owned by Russian gas pipe magnate Ivan Shabalov

SYCARA V (233 feet)

Owned by Auto Group CEO Ray Catena

TITANIA (232 feet)

Owned by mobile phone billionaire John Caudwell

TRIUMPH (213 feet)

Owned by British retail magnate Chris Dawson

UNBRIDLED (191 feet)

Owned by chewing gum billionaire William Wrigley

W (190 feet)

Owned by WeatherTech founder David Macneil

*Yacht owners note: If you would like listing removed please email me directly at: theluxeworld(at)gmail.com

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Motor Yacht

In 2008, Feadship launched the stylish and understated superyacht Archimedes. This 67.75 metre (222’3”) motor yacht was designed by De Voogt Naval Architects and John Munford Designs and features proven high-end technologies that bring her from idyllic luxury yacht to global cruiser.

Rarely seen in the traditional superyacht destinations, her ice-strengthened Corinthian blue hull is often touring the world’s most far-flung locations. The desire to cruise the furthest reaches of the world introduced created a number of exterior areas for al fresco dining with a view.

On the large sundeck, guests can make the most of their time on board with a masterfully crafted marble mosaic Jacuzzi, bar and entertainment area, enclosed gym and lots of dining and social areas as you cruise the globe. The panoramic views are uninterrupted by tenders and toys on deck due to dedicated wells, lifts and large garage.

Her beam of 12 metres provides a large amount of space on board for a relaxed, yet sophisticated interior by John Munford Design. Battling the cavernous space on board, the interior remains welcoming with comfortable furniture and a grand piano in the main lounge. Archimedes is the first Feadship to feature a wood burning fireplace, reflecting the relaxed, stately nature of being on board.

The full-beam master bedroom is divided into various relaxation areas, consisting of large central bed and a lady’s writing desk which was handmade for the owner’s wife. The bathrooms draw inspiration from the titular Greek god and showcases artisan mosaic marble floors in all six ensuite staterooms, hosting space for eight guests on board.

• Yacht Builder Feadship View profile
• Naval Architect De Voogt Naval Architects No profile available
• Exterior Designer John Munford Design No profile available
• Interior Designer John Munford Design No profile available

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Other feadship yachts, related news.

£75million superyacht The Archimedes arrives in Falmouth

The huge yacht belongs to James Simons, described as 'the world's smartest billionaire'

• 08:41, 10 AUG 2018
• Updated 11:01, 10 AUG 2018

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A £75million superyacht has rocked up at a Cornwall dock.

The Archimedes, which was recently moored in Bristol , is now in Falmouth harbour.

The huge yacht, which belongs to billionaire James Simons, had been docked in Bristol since Sunday afternoon (August 5) and arrived in Falmouth on Thursday.

Its presence caught the attention of most of Bristol - with many curious about the reason for the visit.

Some said they were “shocked and offended” at the presence of the billionaire’s yacht in the austerity-hit city.

Others took offence at the presence of the yacht and decided to stage a protest.

At one stage police were seen boarding the vessel in Bristol, but only to carry out a 'short community engagement' meeting with the crew.

Now a marine traffic app has showed that the vessel is around Pendennis Shipyard in Falmouth.

It is not known how long it will stay.

The Archimedes - in numbers

• The vessel is 68 metres long - much longer than an Olympic-class swimming pool of 50m
• Its beam, the widest point, is 12.3 meters - the length of double decker bus
• It can be crewed by a 18-strong team and house 16 guests
• This is over 8 cabins, comprising a master suite, 4 double cabins and 3 twin cabins.
• Her twin Caterpillar engines give it an astounding 4,000 BHP - almost four times the BHP of a Bugatti Veyron, the fastest car on the road
• It gives it a top speed of 16 knots, and a cruising speed of 12 knots
• With its 171,000 litre fuel tanks it has a range of 6,000 nautical miles.
• It weighs 1,100 tonnes - the same as 183 fully-grown African elephants
• The boat can store 53,400 litres of fresh water on board
• It is estimated the standard fuel usage for a 71m yacht is 500 litres an hour, meaning an average of £265m is spent just on petrol every year
• It can cost around £350,000 a year just in dockage fees
• The crew will command a salary of around £1.5m and the boat will generally need £1m spent on maintenance
• To insure a super yacht like this it will set you back about £240,000 a year.

Who owns the yacht?

James Simons is 80, was born in Massachusetts, USA, and previously worked as a maths teacher and Cold War code breaker.

According to Forbes he is worth an estimated £16billion and is the founder of New York City-based hedge fund firm Renaissance Technologies.

Simons founded the firm in 1982 and remained at the head of the company before announcing his retirement in January 2010.

Despite formally stepping down from his duties, Simons continues to hold the position of non-executive chairman.

Prior to Renaissance Technologies, Simons worked for many years as a mathematics professor at Stony Brook University in New York.

He has a bachelor’s degree in mathematics from the Massachusetts Institute of Technology (MIT) - one of America’s most prestigious educational institutions - and a PhD in mathematics from the University of California.

The yacht was built at the Dutch builder Royal Van Lent and delivered to Simons in 2008. It is not known if Simons is aboard the Archimedes, though the yacht is not believed to be available for charter, nor is it known how long it may remain in Cornwall.

In 2006 Financial Times described Simons as the “world’s smartest billionaire” after being named on the paper’s ‘alternative rich list’.

• Most Recent

Inside Renaissance Technologies Medallion Fund – Archimedes’ Yacht

With a net worth of over $20 billion, Jim Simons is known as one of the smartest investors ever to take on Wall Street. By creating the Renaissance Technologies Medallion Fund, he’s unleashed one of the greatest profit machines in the history of money management.

There’s more to Simons beyond his net worth and astounding hedge fund track record. Billionaire Jim Simons may also be one of the most interesting people in business you will ever find. And one of the most unique resumes on Wall Street.

Jim Simons, Medallion Fund Mastermind

A former NSA codebreaker, MIT math professor, philanthropist, and finally, businessman and market wizard.

Primarily, he’s a mathematician who realized pattern recognition could be applied to trading in financial markets.

A recently released book titled ‘The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution’ by author Gregory Zuckerman details how Simons transformed markets over the last 30-plus years.

Medallion Fund Truth of Fiction?

Once you begin to understand Simons and his mathematical trading empire, you can better grasp the astounding success of the Renaissance Technologies Medallion Fund.

Although, some investment management commentators argue the astronomical returns at RenTec are almost too good to be true. However, you will have to decide for yourself, the best secrets are never shared.

The Firm That is RenTec

Renaissance Technologies, also known as ‘RenTec,’ is a hedge fund based in East Setauket, New York, founded by Jim Simons in 1982.

By 1978 Simons grew tired of running the Department of Mathematics at Stony Brook University and began trading in the markets.

In the early days, Simons was interested in developing a trading system with quantitative models. Data analysis and the ability to identify patterns in stock prices.

Focusing on Risk and Math

By focusing on risk management using a quantitative trading strategy to manage money, Simons believed obtaining higher-than-average returns was possible.

He set up a hedge fund called Monemetrics in a Long Island strip mall and four years later changed the firm’s name to Renaissance Technologies LLC.

The firm is known for its incredible returns over the last three decades and the mystery of how it’s obtained such outstanding performance.

How do you get returns, unlike any other hedge fund in existence? By doing things completely different than your competition.

Physicists, Mathematicians, and Statisticians

RenTec hires mathematicians, statisticians, physicists, and signal-processing experts without financial backgrounds.

The company is run by scientists for quantitative research, where Wall Street experience is frowned on.

Some RenTec employees believe that the heard-like mentality among business school graduates is to blame for poor returns in the investment world.

RenTec Secrecy

The secrecy surrounding RenTec requires its employees to sign lengthy non-disclosure agreements and non-compete documents.

Their ability to attract the top scientific minds in the world is a known fact.

Mathematician Isadore Singer labeled the Renaissance hedge fund headquarters as the world’s best physics and mathematics department.

Not only does the firm attract brilliant minds , but its turnover rate is nearly zero.

The Renaissance Medallion Fund

The Medallion Fund is widely known as one of the best-performing funds of all time. It trounces Warren Buffet over many decades.

Peter Lynch, Ray Dalio, and George Soros all trail in average annual returns .

From 2001 to 2013, the fund’s worst year return was a 21 percent gain — extraordinary results over that period.

Off the Charts Annual Returns

Especially considering there was a global financial crisis and an economy in recession in the middle of those 12 years. Not only that, but the fund has averaged a 71% return before fees from 1994 to 2014 .

You might be asking yourself how to gain access to returns like this. The fact is that you can’t. The Medallion Fund has been closed to outside investors since 1993 and is only available to insiders at Ren Tech, current and past employees of the firm.

The Renaissance Technologies Medallion Fund Printing Press

People refer to the fund as a printing press. Many on Wall Street have difficulty explaining how the enormous returns are accomplished.

Studies show that Medallion’s returns are uncorrelated with many major financial market indexes. Momentum, volatility, small caps, distressed debt, none of these categories indicate a relation to the fund’s returns.

How Does RenTec Do It?

Another factor in the success of the Renaissance hedge fund is the inability of any other fund to duplicate its strategies. Can anyone trace a single Medallion Fund’s trade? The machine learning algorithm is so private to outsiders the fund’s trades and positions might never be tracked.

Often, when a hedge fund or hedge fund manager develops a successful track record, competing firms quickly trace the methods and eventually kill the strategy.

This has not happened yet at the Medalion Fund . It’s a testament to the secrecy of the firm’s employees inside Renaissance Technologies Medallion Fund.

Renaissance Institutional Equities Fund

There are other funds inside Renaissance besides the Medallion Fund. If you’re searching for the largest fund open to new investors, it would be the Renaissance Institutional Equities Fund.

The primary strategy of the fund is long-term capital growth through appreciation in a diversified portfolio of foreign companies.

The fund includes equities in Europe, the Pacific Rim, and the Far East. RenTec owns shares in both the growth and value sector. A few of the fund’s top holdings include shares in stocks from the technology industry. Keyence Corp, Novo Nordisk, Roche Holding, and Taiwan Semiconductor.

The fund includes a low minimum investment requirement of $500 and more than $1.6 billion in assets under management.

Recent Concerns Over Returns

A few people have been raising eyebrows over recent Rentec returns. The Securities and Exchange Commission has been especially interested recently.

Renaissance’s Medallion Fund closed to outside investors and available to RenTec employees only, has been absolutely crushing the market.

Other funds inside Rentec have had a difficult year. For example, the Renaissance Institutional Diversified Alpha fund lost 33% over the last year. The Institutional Diversified Global Equities Fund lost over 22%.

The Medallion Fund Continues to Dominate

The negative return from Rentec public funds contrasts with the flagship Medallion Fund which returned a gain of 76% over the same time period.

There are huge discrepancies between funds open to the public and a fund closed to everyone except Rentec employees.

The main issue is the RenTec Medallion Fund might be using a superior algorithm, while a limited partner of other funds sees large losses.

When everything is based on computer models, there’s an obvious complaint among those not included in certain funds producing the majority of the returns.

The Founder Jim Simons and Renaissance

When James Simons started his investment firm over forty years ago, I’m sure he couldn’t have imagined the amount of success in his future.

Rentec annualized returns have been second to none over the last few decades.

A recent interview with Simons in The Wall Street Journal describes his mentality while building Rentec. He was quoted as saying, “I don’t want to have to worry about the market every minute. I want models that will make money while I sleep.”

Hiring Robert Mercer

Some would attribute Simons’ success to the hiring of Robert Mercer as Renaissance CEO in 1993. After 24 years as CEO, Mercer stepped down in 2017 from backlash for his backing of certain political groups.

Superior Returns Above All

Not only was Simons able to build models that made money around the clock, but he was able to beat the stock market at its own game.

His net returns have made him more money than almost anyone in the history of Wall Street .

Other than Berkshire Hathaway, Warren Buffett and a handful of others, Simon’s hedge fund performance stacks him at the very top of the list of greatest fund managers of all time.

Even taking into account income from dividends, Simon’s returns are at the top of the hedge fund industry for several decades.

Giant Returns and Big Ships

Some former employees of Rentec have made comments regarding the firm’s inner workings, but there’s really not much detailed information out there.

RenTec has air-tight confidentiality agreements put in place on all past employees and former partners.

The remarkable performance, stellar monthly returns, and decades of superior past performance are really the only thing that matter on Wall Street.

The fund’s returns have solidified the quant revolution in money management, as many others have attempted to copy RenTec’s quant funds over the years.

If you are looking for clues to what has made Simons the King of the Wall Street Hill, look no further than his 222-foot-long yacht, named, “ Archimedes .” The ancient Greek mathematician, known as possibly the greatest mind of all time, once said something to this effect –

Give me a firm place to stand, and a lever long enough, and I shall move the world. -Archimedes

The Great Renaissance Technologies Medallion Fund

Whatever the medallion’s investment strategies are, from high-frequency trading to speech recognition software to quant algorithms trading basket options, it’s been working for decades.

It’s difficult to say when, or if, we’ll ever know the details of exactly how Medallion’s spectacular returns were produced.

An article published by Bloomberg titled, “The Unsolved Mystery of the Medallion Fund’s Success,” is a good indicator of how superior returns, when mixed with ultra-secretive firms, are viewed by the public. In a word – skeptical.

Trouble Brewing at RenTec?

The market turbulence during the pandemic gave an interesting clue to the inner workings of RenTec. While the Medallion Fund continued to outperform by a huge margin, other funds showed negative returns for the same period.

The issue that raised many investor eyebrows is the Medallion Fund is available to insiders only. And two of the other funds offered to the public performed so badly, they made the ‘top 20 losers’ list at HSBC.

RenTec Medallion Fund 2020 Return +76%

RenTec Institutional Equities Fund (RIEF) 2020 Return -22%

RenTec Institutional Diversified Alpha Fund (RIDA) 2020 Return -33%

The losses for the funds open to public investment have led to redemptions, withdrawals, and outflows at RenTec. Earlier this year, the firm reported outflows of $15 billion over the last year.

In an article by Institutional Investor, a UCLA professor tried to explain the abnormally high returns by the RenTec Medallion Fund. He couldn’t.

The professor published an entire paper titled, “Medallion Fund: The Ultimate Counterexample?” But in the article, he says there is no rational explanation for the performance.

He also looks at the wealth generated by the fund. $100 invested in 1988 would have turned into $400 million over 31 years.

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James Simons’ $100M Luxury Superyacht Spotted in St. John’s

Amazing 68m superyacht archimedes was spotted in st. johns waterfront last week..

This superyacht, which docked in St. John’s Thursday, is owned by an American billionaire. (Gary Locke/CBC)

Motor yacht Archimedes was built by Feadship in Netherlands at their De Kaag shipyard, she was delivered to her owner in 2008. John Munford Yacht Design is responsible for her beautiful exterior and interior design.

Archimedes can accommodate 16 guests in 8 cabins, comprising a master suite, 4 double cabins and 3 twin cabins. she is also capable of carrying up to 18 crew onboard to ensure a relaxed luxury yacht experience., powered by 2 caterpillar 1,998hp diesel engines and propelled by her twin screw propellers motor yacht archimedes is capable of a top speed of 16 knots, and comfortably cruises at 12 knots., archimedes  is named after the greek mathematician  archimedes  of syracuse ,  known as the leading  scientists and mathematician in the  classical antiquity., like her owner james harris “jim” simons, an award-winning mathematician. he is also a former cold war code breaker, which specialises in systematic trading using only quantitative models derived from mathematical and statistical analyses, who founded the hedge fund management company renaissance technologies in 1982.  renaissance is one of the first highly successful hedge funds using quantitative trading—known as “quant hedge funds”—that rely on powerful computers and sophisticated mathematics to guide investment strategies. , as reported by forbes, his net worth as of june 2017 is estimated to be $18 billion, while in the previous year, it was $15.5 billion., james harris “jim” simons is   also a very active philanthropist. he founded the simons foundation, a charitable organisation which supports projects related to education and health, in addition to scientific research. as reported, the billionaires have given away $2.1 billion to charity, chairs math for america, and supports autism research,   simons also owns a us$ 70 million g650 private jet with registration n773mj. the mj refers to marilyn and james. marilyn is james’ wife. the jet was built in 2013 and has a list price of us$ 70 million. .

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£75m superyacht Archimedes departs from Bristol Harbour

The yacht, owned by billionaire James Simons, is now on the move - according to Ship Finder

• 05:49, 9 AUG 2018
• Updated 06:04, 9 AUG 2018

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The £75 million superyacht Archimedes has now started its journey out of Bristol Harbour.

The huge yacht, which belongs to billionaire James Simons, has been docked in Bristol since Sunday afternoon (August 5).

Its presence has seemingly caught the attention of most of Bristol - with many curious about the reason for the visit.

Others took offence at the presence of the yacht and decided to stage a protest.

At the time of writing (5.21am) Ship Finder has the yacht passing through Cumberland basin as it heads back up the River Avon.

By 5.46am it had passed Clifton Suspension Bridge as it heads out of Bristol.

It is not yet clear where the boat is heading next.

Picture courtesy Bristol 24/7 .

The Archimedes - in numbers

• The vessel is 68 metres long - much longer than an Olympic-class swimming pool of 50m
• It's beam, widest point, is 12.3 meters - the length of double decker bus
• It can be crewed by a 18-strong team and house 16 guests
• This is over 8 cabins, comprising a master suite, 4 double cabins and 3 twin cabins.
• Her twin Caterpillar engines give it an astounding 4,000 BHP - almost four times the BHP of a Bugatti Veyron, the fastest car on the road
• It gives it a top speed of 16 knots, and a cruising speed of 12 knots
• With its 171,000 litre fuel tanks it has a range of 6,000 nautical miles.
• It weighs 1,100 tonnes - the same as 183 fully-grown African elephants
• The boat can store 53,400 litres of fresh water on board
• It is estimated the standard fuel usage for a 71m yacht is 500 litres an hour, meaning an average of £265m is spent just on petrol every year
• It can cost around £350,000 a year just in dockage fees
• The crew will command a salary of around £1.5m and the boat will generally need £1m spent on maintenance
• To insure a super yacht like this it will set you back about £240,000 a year

Who owns the yacht?

American billionaire hedge fund manager James Simons owns the yacht. He is 80-years-old was as a maths teacher and Cold War code breaker and according to Forbes, he is worth an estimated £16billion and is the founder of New York City-based hedge fund firm Renaissance Technologies.

Simons founded the firm in 1982 and remained at the head of the company before announcing his retirement in January 2010.

Superyacht Archimedes causes a stir in Bristol

In 2006, Financial Times described Simons as the “world’s smartest billionaire” after being named on the paper’s ‘alternative rich list’.

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American billionaire's STUNNING £75m superyacht has arrived in Plymouth

Take a virtual tour around Jim Simons' luxury Archimedes - it's the stuff dreams are made of

• 15:15, 15 AUG 2018

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It's a sight to behold - an out-of-this-world superyacht has rocked up in Plymouth and it's sure to send people into a frenzy.

The super sleek vessel - valued at a staggering £75million - is taking in the sights of our ocean city during its whistle-stop tour of the south.

US business mogul James 'Jim' Simons - a billionaire and philanthropist - is the proud owner of the dreamy Archimedes.

According to Forbes, the 80-year-old is worth an estimated £16 BILLION - and is the founder of New York City-based hedge fund firm Renaissance Technologies.

It boasts its own posh jacuzzi - perfect for lavish champagne parties - outrageously lush outdoor dining areas and it even comes with its own GRAND PIANO.

The outside of the vessel - which some might say wouldn't look out of place in a Bond film - is ultra modern, airy and sleek.

Inside is more cosy, with its wooden touches and warm furnishings.

Views are simply insane - you can soak up the sights of the sea in the comfort of a huge sofa right in the middle of the interior.

The back is perfect - there's a vast table where you can eat and drink the night away without a care for anything or anyone in the world.

With its multiple layers, it looks like one big giant floating hotel that would entertain all your family and friends and more.

Salivating yet? Here's a stunning gallery of pictures capturing the essence of Archimedes - which is enjoying the delights of Plymouth as it pads about the Sound.

So what else do we know about this majestic beast?

One - it weighs 1,100 tonnes - the same as 183 fully-grown African ELEPHANTS.

The boat can also store a staggering 53,400 litres of fresh water on board.

Here's a full run down of the truly insane things we know about the Archimedes.

It's a truly awesome time for Plymouth's maritime industry as it welcomes a wave of awesome ships, yachts and boats.

This morning, a foreign cruise ship has sailed into Plymouth with around 500 tourists on board.

The MV Ocean Majesty docked at Millbay , bringing hundreds of tourists, mostly German, for a whistle-stop tour of Britain's Ocean City.

Her arrival follows the visit of the gigantic Holland America Line cruiseliner MS Prinsendam , which dominated the city's waterfront last month.

Many of you have pointed out she is no "monster" compared to some of the bigger ships - but she cut a domineering figure as she sailed into the Sound.

And who could forget the mega posh super yacht that arrived on our shores earlier this year owned by mega-rich philanthropist Wendy Schmidt - whose husband Eric Schmidt is worth an eye-watering £9.7billion.

Plymouth's heritage in the news

Who is ultra billionaire Jim Simons?

According to Wikipedia , he is an American mathematician, billionaire hedge fund manager, and philanthropist.

He is known as a quantitative investor and in 1982 founded Renaissance Technologies, a private hedge fund based in New York City.

Although Simons retired from the fund in 2009, he remains its non-executive chairman and adviser.

He is also known for his studies on pattern recognition. He developed (with Shiing-Shen Chern) the Chern–Simons form, and contributed to the development of string theory by providing a theoretical framework to combine geometry and topology with quantum field theory.

From 1968 to 1978, Simons was a mathematics professor and subsequent chair of the mathematics department at Stony Brook University.

As reported by Forbes, his net worth as of February 2018 is estimated to be $20 billion, while in the previous year, it was $15.5 billion.

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Build Alpha

Jim simons – the man who solved the markets, who is jim simons.

Jim Simons, born in 1938, is often referred to as “the most successful hedge fund manager of all time” and the “greatest investor on Wall Street”. The Financial Times named him “the world’s smartest billionaire ” in 2006. Simons is the founder of Renaissance Technologies, a quantitative trading hedge fund based out of New York, that boasts an incredible 66.1% average annual return since 1988. Simons’ approach to the markets is fully systematic and there is so much to glean from his work as Jim Simons launched the quant revolution. This article will examine Simons’ many accomplishments and a few takeaways that can help us become better system traders.

If you are not interested in his origins and rather skip ahead to the systematic trading parts choose below

• Medallion Fund Overview
• System Trading Insights
• Jim Simons Interview Clips
• Jim Simons Quotes

Mathematician

Simons began as a mathematician and arguably had a full career before leaving to start Renaissance Technologies. He studied mathematics at Massachusetts Institute of Technology (MIT) and later got his Ph.D. from the University of California, Berkeley.  

Simons put his mathematics skills to the test working with the National Security Agency (NSA) to break codes during the Cold War while simultaneously teaching at MIT and later Harvard University. After his public opposition to the Vietnam War, Simons was forced out but later appointed chairman of the math department at Stony Brook University.  

Simons is known for his studies in pattern recognition and developed the Chern-Simons form with Shing-Shen Chern and is credited with contributions toward the development of String Theory. His theoretical framework combined geometry, topology, and quantum field theory.

Simons has formally received recognition in mathematics, geometry, and topology before shifting his focus to finance in the late 1970s

• AMS Oswald Veblen Prize in Geometry 1976
• Elected to National Academy of Sciences 2014

The Greatest Trader on Wall Street

Jim Simons founded Renaissance Technologies in 1982 as a 40-year old retired mathematics professor. However, he left his job/academia to start his first hedge fund Monemetrics in 1978. This fund was moderately successful and employed both fundamental and technical approaches to the market, but Simons felt “gut wrenched” by the emotional swings.

Simons decided to use a purely systematic approach to avoid emotional rollercoasters and avoid common trading biases that trip up most traders. Simons staffed the new fund, Renaissance Technologies, with mathematicians, computer scientists, and physicists to pioneer a new approach to algorithmic trading.

Since 1988, Jim Simons’ Renaissance Technologies flagship fund, the Medallion Fund, has returned an average of 66.1% per year which shatters any other publicly available returns over the same horizon. Later I will dissect what little information is available about Simons’ (and RenTec) strategies, approach and success. Skip ahead

Simons is quoted as saying his best algorithm has always been

“you get smart people together. You give them a lot of freedom. Create an atmosphere where everyone talks to everyone else. They’re not hiding in a corner with their own little thing. They talk to everybody else. And you provide the best infrastructure, the best computers and so on that people can work with. And make everyone partners. So that was the model that we used in Renaissance. So we would bring in smart folks and they didn’t know anything about finance, but they learned.”

Philanthropist

Jim Simons has given over $2.7 billion to philanthropic causes ranging from education and health to scientific research. In 1994, Simons and his wife Marilyn Hawrys Simons co-founded the Simons Foundation which later established the Simons Foundation Autism Research Initiative in 2003.

This foundation founded Math for America in 2004 and Simons later doubled the initial $25 million pledge in 2006.

Simons’ alma maters and former academic employers have been benefactors from Simons’ trading successes with large contributions to University of California Berkley, MIT and Stony Brook. His most recent contributions have been aimed to advance computational science and mathematics.

Jim Simons Renaissance Technologies Medallion Fund

Medallion fund beginnings.

Simons started in the late 1970s and was met with some initial success. However, Simons questions whether the early success was more luck than skill. Primarily focused on commodity futures using fundamental and technical analysis, Simons never achieved the emotional clarity or systematic approach to have full trust.

In 1988, Simons set up the Medallion Fund with a focus on huge amounts of data diversifying across timeframe, asset class, and pattern. Adding the stock market how Jim Simons and team gained additional success. However, the big success did not come until the early 1990s when he brought Bob Mercer and Peter Brown on board from IBM.

Mercer was a large donor in the 2016 US Presidential election (Trump) and eventually left the firm in 2017 after political differences.

Medallion Fund Fees

Most hedge funds charge “2 and 20” which is shorthand for an annual 2% management fee and a 20% rake on performance. Simons knew he had something special and offered investors “5 and 20” in the early days of Medallion but has since moved toward a “5 and 44” structure. This %5 management fee and 44% profit take may be the most aggressive fees in the industry, but Simons and the Medallion Fund have earned them. Due to the large fees, the net returns are more in line with a 39.1% average annual return instead of the earlier stated 66.1%. However, 39.1% is still remarkable with such a large capital base.

Medallion Fund Performance

Gregory Zuckerman’s book The Man Who Solved the Market shares Medallion’s annual returns in Appendix 1.

Now most of the investors and owners in the fund are employees as Medallion takes no outside capital.

Assuming the net returns column over the most recent 20-year span then an investor would have experienced the growth of a $1,000 investment into a whopping $906,933.26.

Medallion Fund vs. S&P500

Assuming the past 20 years S&P 500 returns then the same $1,000 invested in the S&P500 would return an impressive $2,039.12. This is a far cry (about 500x smaller) than the return generated by the Medallion fund. There is beating the market, capturing alpha, and then the universe that Medallion and Simons are from. Here are the side-by-side returns:

Medallion Fund Takeaways

• Fully systematic
• Data-driven
• Diversify across timeframe, asset class
• Hire smart, collaborative people
• Win rate is not as important as trading edge
• Compounding creates wealth

Jim Simons Net Worth and Personal Life

Billionaire status and forbes list.

Jim Simons is the current richest trader in the world with a $28.1 billion dollar net worth ranking him on the Forbes list . He has the highest net worth of any trader or money manager on the Forbes wealthiest list. For example, Simons has a wealth more than three times that of George Soros.

Archimedes Yacht

Jim Simons owns a $100 million yacht with an annual running cost of $8 to $10 million. The 68-meter (222 ft) yacht is appropriately named Archimedes after the famous mathematician. Archimedes the superyacht sleeps 12 in 6 cabins and has room for 18 crew members on board with a dining hall for 20 guests. The yacht was built at the Dutch yacht builder Royal Van Lent and delivered to Simons in 2008. Let’s face it, these big boy toys are half the allure of trading.

Private Jet

Simons also owns a $70 million Gulfstream G650 private jet. You can charter one of these bad boys for about $10,500 per hour, if interested.

Unfortunately, Simons’ 84-plus years have not been without tragedy. In 1996, his son Paul was struck and killed by a car while riding his bicycle on Long Island. Paul was 34 at the time. In 2003, Simons’ son Nicholas, 24 at the time, drowned while on a trip to Bali, Indonesia.

Simons does not like, nor does he wear socks. Not sure if there is any correlation to his trading success but perhaps if you are struggling remove the feet prisons. I don’t know.

Jim Simons Quant Trading Insights

As all traders, I am always reading, learning, and trying to find a new piece that can help improve performance, limit drawdown or push me forward. The aforementioned book about Simons came out in 2019 and I devoured it in a weekend. I originally posted some thoughts on a See It Market blog here: 5 Lessons From One of the Greatest Traders of All Time (Jim Simons) – See It Market but want to elaborate on the insights and their application to system trading, Build Alpha and my own musings.

Edge is Important – Not Why It Exists

Simons does not care to explain the hypothesis or explanation of why a predictor or model works. If a predictor has edge and is statistically significant then why bother with some explanation for why it must work.

If the edge can be explained, then others are probably aware of the edge and others will soon trade it away.

In other words, data mining is ok. I’ve long defended this approach since the launch of Build Alpha and is nice to hear Simons echo similar ideas.

In my opinion, it is possible we cannot comprehend why a pattern or edge exists because it exists in a dimension too complex for our current understanding. Discarding an edge because we cannot explain it is a mistake.

Remove human bias and let the data show you where, when, and how to trade. Let others overlook these “unexplainable” patterns.

Excerpts to drive the point home

“Simons and his researchers didn’t believe in spending much time proposing and testing their own intuitive trade ideas. They let the data point them to the anomalies signaling opportunity. They also didn’t think it made sense to worry about why these phenomena existed. All that mattered was that they happened frequently enough to include in their updated trading system, and that they could be tested to ensure they weren’t statistical flukes”. (pg 109) 

“Simons and his colleagues hadn’t spent too much time wondering why their growing collection of algorithms predicted prices so presciently. They were scientists and mathematicians, not analysts or economists. If certain signals produced results that were statistically significant, that was enough to include them in the trading model” (pg 150)

“I don’t know why the planets orbit the sun. That doesn’t mean I can’t predict them” – Simons (pg 151)

“More than half of the trading signals Simons’s team was discovering were non-intuitive, or those they couldn’t fully understand. Most quant firms ignore signals if they can’t develop a reasonable hypothesis to explain them, but Simons and his colleagues never liked spending too much time searching for the causes of market phenomena. If their signals met various measures of statistical strength, they were comfortable wagering on them.” (pg 204)

“Volume divided by price change three days earlier, yes, we’d include that” – Simons (pg 204)

To read on how to quantify trading edge check this out

Edge in Trading | Professional Guide to Trading Edges ( buildalpha.com )

Stick to Your Model

You cannot run a trading business that relies on your emotional state or gut-instincts. There are too many days where you may be sick, tired, hungover, dealing with personal issues and what happens when these days line up with the most opportunistic market days?

Simons is 100% systematic and preaches the importance of treating trading like a business that can be backtested, modelled and followed. Here’s a quick minute long video where he explains why:

You Need a Great Team

Simons is no doubt successful on his own right, but Medallion’s performance really skyrocketed when Simons started building his team. Jim doubled salaries to hire people away from prestigious positions in tech, science, and academia.

Being around other smart, successful, and innovative people will only push you farther. The old saying “if you want to go fast go alone but if you want to go far go together” applies here.

Seek out other like-minded individuals and be open to sharing ideas. This is one of the greatest reasons I keep Build Alpha open to other traders. The ideas, inputs, and feedback help me create better software which allows all of us to create better portfolios. So, thank you for all the contributions, ideas, sound boards, etc.

Edge Does Not Have to be Big

Renaissance searched for “overlooked” edges and joked about a 50.75%-win rate while utilizing the law of large numbers to win in the long-run. Seeking the perfect entry or exit or the one strategy is often a failed approach. Ren Tech generated astronomical returns with a nearly 50%-win rate. Much more can be gained combining unique smaller edges together than wasting time hunting for the holy grail. 

Some of the trading signals they identified weren’t especially novel or sophisticated. But many traders had ignored them. (Page 112)

“We’re right 50.75 percent of the time… but we’re 100 percent right 50.75 percent of the time. You can make billions that way” (pg 272)

The Man Who Solved the Market – Gregory Zuckerman

Most of the quotes in this article are from this tremendous book. The book released in November 2019 and does such a great job covering Simons. Simons and Renaissance are very secretive about their strategies but there are a few insights (if you read between the lines) in the book.  

Jim Simons Interviews and Videos

James simons full length numberphile interview, the mathematician who cracked wall street, james simons – mathematics, common sense and good luck, famous jim simons quotes.

These quotes come from Zuckerman’s book along with page number. You can read into the lines and see why Simons is such a staunch supporter of the systematic trading approach.

Early on, he traded like others, relying on intuition and instinct, but the ups and downs left Simons sick to his stomach. (Page 2) 

Simons and his colleagues used mathematics to determine the set of states best fitting the observed pricing data; their model then made its bets accordingly. The why’s didn’t matter, Simons and his colleagues seemed to suggest, just the strategies to take advantage of the inferred states. (Page 29)

“I don’t want to have to worry about the market every minute. I want models that will make money while I sleep”, Simons said. “A pure system without humans interfering.” (Page 56)

If a currency went down three days in a row, what were the odds of it going down a fourth day? Do gold prices lead silver prices? Might wheat prices predict gold and other commodity prices? Simons even explored whether natural phenomena affected prices. (Page 57)

Their goal remained the same: scrutinize historic price information to discover sequences that might repeat, under the assumption that investors will exhibit similar behavior in the future. Simon’s team viewed the approach as sharing some similarities with technical trading. The Wall Street establishment generally viewed this type of trading as something of a dark art, but Berlekamp and his colleagues were convinced it could work, if done in a sophisticated and scientific manner – but only if their trading focused on short-term shifts rather than longer-term trends.  (Page 108)

Berlekamp also argued that buying and selling infrequently magnifies the consequences of each move. Mess up a couple of times, and your portfolio could be doomed. Make a lot of trades, however, and each individual move is less important, reducing a portfolio’s overall risk. (Page 108) 

Humans are most predictable in times of high stress – they act instinctively and panic. Our entire premise was that human actors will react the way humans did in the past….we learned to take advantage.” (Page 153)

“Any time you hear financial experts talking about how the market went up because of such and such – remember it’s all nonsense”, Brown later would say.  (Page 199)

By 1997, though, more than half of the trading signals Simon’s team was discovering were nonintuitive, or those they couldn’t fully understand. (Page 203)

“If there were signals that made a lot of sense that were very strong, they would have long-ago been traded out”, Brown explained. “There are signals that you can’t understand, but they’re there, and they can be relatively strong.” (Page 204)

The gains on each trade were never huge, and the fund only got it right a bit more than half the time, but that was more than enough. (Page 272)

his larger point was that Renaissance enjoyed a slight advantage in it collection of thousands of simultaneous trades, one that was large and consistent enough to make an enormous fortune. (Page 272)

The inefficiencies are so complex they are, in a sense, hidden in the markets in code,” a staffer says. “RenTec decrypts them. we find them across time, across risk factors, across sectors and industries.” (Page 273)

For all the unique data, computer firepower, special talent, and trading and risk-management expertise Renaissance has gathered, the firm only profits on barely more than 50 percent of its trades, a sign of how challenging it is to try to beat the market (Page 317)

• Jim Simons (mathematician) – Wikipedia
• The Man Who Solved the Market: How Jim Simons Launch the Quant Revolution
• How Billionaire Jim Simons Learned To Beat The Market—And Began Wall Street’s Quant Revolution ( forbes.com )
• Automate Trading with No Coding
• Monte Carlo Simulation | Free Simulator
• Robustness Testing Guide

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Risk Disclosure

Futures And Forex Trading Contains Substantial Risk And Is Not For Every Investor. An Investor Could Potentially Lose All Or More Than The Initial Investment. Risk Capital Is Money That Can Be Lost Without Jeopardizing Ones Financial Security Or Life Style. Only Risk Capital Should Be Used For Trading And Only Those With Sufficient Risk Capital Should Consider Trading. Past Performance Is Not Necessarily Indicative Of Future Results.

Hypothetical Performance Disclaimer

Hypothetical Performance Results Have Many Inherent Limitations, Some Of Which Are Described Below. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profits Or Losses Similar To Those Shown; In Fact, There Are Frequently Sharp Differences Between Hypothetical Performance Results And The Actual Results Subsequently Achieved By Any Particular Trading Program. One Of The Limitations Of Hypothetical Performance Results Is That They Are Generally Prepared With The Benefit Of Hindsight. In Addition, Hypothetical Trading Does Not Involve Financial Risk, And No Hypothetical Trading Record Can Completely Account For The Impact Of Financial Risk Of Actual Trading. For Example, The Ability To Withstand Losses Or To Adhere To A Particular Trading Program In Spite Of Trading Losses Are Material Points Which Can Also Adversely Affect Actual Trading Results. There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Cannot Be Fully Accounted For In The Preparation Of Hypothetical Performance Results And All Which Can Adversely Affect Trading Results.

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XVI Moscow International Salon of Inventions and Innovation Technologies "Archimedes"

Sojuzpatent’s Managing Partner Dr. Svetlana Felitsyna participated in the steering committee of the XVI Moscow International Salon of Inventions and Innovation Technologies "Archimedes". Sojuzpatent’s Senior lawyer Tatiana Ekhlas held the seminar "Peculiarities of License Agreements Concluded with Foreign Partners."

Ferretti Yachts and Riva to attend Moscow Boat Show 2013

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Written by Zuzana Bednarova

To be represented by Premium Yachts, Ferretti Yachts and Riva , two prestigious brands of the Ferretti Group, will be present at the Moscow International Boat Show 2013, displaying motor yacht Ferretti 530 as well as Riva Iseo yacht tender.

Luxury motor yacht Ferretti 530

Luxury yacht Ferretti 530 was very keen to undertake in collaboration once again with AYT – Advanced Yacht Technology, Ferretti Group Engineering Division and Studio Zuccon International Project . The compact dimensions, 16 meters long and almost 5 meters wide, allow the 530 yacht to deliver grand Italian luxury and cruising immersed in such comfort until now unheard of in a yacht of this size.

Ferretti 530 yacht boasts three revolutionary innovations: the full beam master cabin with chaise longue and two large open view windows that make it a real suite at sea level bathed in light, tones and the natural essences of teak. Moving the galley from the center to the aft section creates a unique open space that includes the saloon, galley, cocktail bar and the dining area, the cockpit area continues thanks to the tilting window. The roll bar free sky lounge and the spoiler allow the 530 a sporty appearance combined with elegantly formal lines.

Ferretti 530 Yacht - Interior

Riva , the iconic Ferretti Group brand, presented a new model at the historical Lake d’Iseo shipyards in July 2011. Featuring elegance and ease of transportation as its distinctive characteristics, Iseo superyacht tender , a 27 foot runabout, is destined to become a must-have for those who love cruising on both lakes and the sea, and, most importantly, design enthusiasts. It is also perfect for anyone wishing to enhance their yacht with an exclusive tender that will never go unnoticed.

Riva Iseo superyacht tender

Due to its ease of manoeuvrability and size, Iseo yacht tender is also ideal as a tender for large yachts. Innovative and elegant, it can also guarantee comfort in bad weather conditions. Besides the electrohydraulic bimini top, it was also designed with a waterproof, automobile-style soft top which protects those on board against water and the wind during cruising.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Ferretti Yachts and Riva to attend Moscow Boat Show 2013".

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