Tuesday, 5 May 2015
Last updated 7 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…