By Pete Gallo
The holiday shopping season seems to roll in a little sooner
every year, with Thanksgiving decorations giving way to
Christmas sales at shopping malls with accelerated fury. This
year, holiday sales can't start soon enough for Long
Island-based hedge fund manager Jim Simons. That's because his
firm, Renaissance Technologies, has invested close to $1
billion in companies that make toys, and so far it's not
looking like a merry Christmas ahead.
It's no exaggeration to say that putting classic board games
like Hasbro's Monopoly and Mattel's iconic Barbie doll under
the tree this Christmas will have an impact on the bottom line
for Renaissance. The hedge fund is the single largest investor
in the nation's two largest toy companies - Hasbro and
Regulatory filings with the Securities and Exchange
Commission show that (as of the...