(Bloomberg) Renaissance Technologies, the $58 billion quantitative investment firm founded by former military code-breaker Jim Simons, gained at three of its hedge funds last month, erasing declines posted when markets slumped in February. The $23 billion Renaissance Institutional Equities Fund rose about 2.6 percent in March after falling 3 percent in February, bringing returns for the first quarter to 1.6 percent, according to investor documents seen by Bloomberg News. That fund, known as RIEF, trades only U.S.-listed equities and is biased toward those that Renaissance’s models expect to rise. It’s designed to outperform the S&P 500 Index, which lost 0.8 percent last quarter including dividends, by 4 to 6 percentage points.
Renaissance Technologies Rebounds Across Hedge Funds in March
This entry was posted in Syndicated. Bookmark the permalink.
