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Renaissance Technologies Winds Down $1 Billion Hedge Fund

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Mani
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Another one bites the dust!

Renaissance Technologies LLC, which manages roughly $27 billion in assets told investors Tuesday that it is winding down its $1 billion Renaissance Institutional Futures Fund, as the fund has not been a hit with investors.

Renaissance Technologies

The latest announcement puts Renaissance on a list of high-profile investment firms that have pulled back from hedge funds in recent weeks.

 

[drizzle]

Renaissance
Chart via Hedge Weekly

Renaissance Technologies Institutional Futures Fund underperformed its peers

Renaissance Technologies, one of the world’s most prominent hedge fund firms, is mostly known for its phenomenally successful flagship fund Medallion, which is now...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports