RenTech, Carhart Fund Among Quant Winners In July

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%.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of