Man Group, Winton Capital and other Black Box Hedge Funds Among Top Performers in August

September 2nd, 2011
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Hedge funds deploying “black box” technology-based quantitative trading strategies gained the upper hand in the midst of increased market volatility in August. Based on a report by Reuters, black box hedge funds, which manage their portfolios based on risk-adjusted mathematical models, benefited from steep stock market declines and growing concerns over U.S. and Eurozone debt crisis.

Hedge funds such as Man Group plc, Winton Capital Management and Renaissance Technologies saw overall gains in August while most funds experienced their worst month of the year. Because these funds use complex computer programs to identify counter trends, they perform well in periods of volatility successfully achieving gains in rising and falling markets. Black box funds averaged a 4.2% gain in August as compared to a 4.3% decline across all hedge funds.
For Detailed Investor Profiles on these Investors, click below:
Man Group plc
Renaissance Technologies Corporation
Winton Capital Management
Related People: Peter Brown; Robert L. Mercer; David Harding; Emmanuel Roman; Jim Simons; Jon Aisbitt; Matthew Beddall; Raj Patel
Related Entities: Man Group plc*; Adam Harding & Lueck*; AHL; BlueCrest Capital Management; GLG Partners; Man Global Strategies; Man Investments; Medallion; Nova; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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