Saturday, 23 August 2014
Last updated 12 hours ago
Nov 4 2011 | 10:54am ET
It's been a banner year for Renaissance Technologies, which can boast a pair of funds up in excess of 30%.
That's par for the course for the East Setauket, N.Y.-based firm's flagship Medallion Fund, which has managed almost exclusively internal capital for a year. Medallion is up 32% this year, the New York Post reports. But just a few steps behind is RenTech's Institutional Equities Fund, which has done more disappointing than impressing since it was launched six years ago.
RIEF, which RenTech founder James Simons once dreamed of raising $100 billion for, is up 31% this year after rising almost 5% last month. The fund, which once managed as much as $28 billion, currently has $6.1 billion in assets.
A third RenTech fund, Institutional Futures, isn't doing nearly as well. That fund was up just 4.36% through September.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note