Saturday, 4 July 2015
Last updated 9 hours ago
Aug 14 2012 | 12:43pm ET
Renaissance Technologies' newest fund made its first mark in July.
The East Setauket, N.Y.-based giant's Institutional Diversified Alpha Fund, which debuted in March, jumped 4% last month, getting it solidly above par. The fund, which launched with $3.5 billion and is both RenTech's first new fund in five years and its first since founder James Simons stepped away from day-to-day management of the firm, is up 4% on the year, Institutional Investor reports.
RenTech's Institutional Futures Fund also had a good month, rising 3.5% in July. That gain erased its first-half loss, leaving the fund up by about 1% on the year.
Nor was RenTech the only quantitative shop to post gains in July. Indeed, Kepos Capital, the year-and-a-half old hedge fund launched last year by former Goldman Sachs Global Alpha co-manager Mark Carhart, added 5.2% last month to bring its year-to-date gains to 11.2%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…