RenTech Funds Soar More Than 30%

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note