Thursday, 21 August 2014
Last updated 29 min 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%.
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