RenTech, Citadel Rise In August

Sep 2 2011 | 11:42am ET

Most hedge fund managers will spend the long weekend decrying their bad fortune last month—most, but not all.

Two of the industry's biggest names posted positive returns in August, as stocks slid and the average hedge fund took a beating. Citadel Investment Group's flagship hedge funds continued their renaissance, while Renaissance Technologies also raked it in in its two largest funds.

RenTech's  Institutional Equities Fund rose 5.4% last month while its Institutional Futures Fund added 6.6%. The funds are up an impressive 25.6% and 9.16%, respectively, for the year.

Ctiadel's Kensington and Wellington funds rose a more modest 1% in August, and are up 15% on the year. The firm's Global Equities Fund returned 1.6% last month to reach 14% for the year, according to Reuters.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...