Renaissance Technologies Surges Past Hedge Fund Rivals

September 5th, 2011
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While many of the top hedge funds were suffering their worst single-month declines in August, the two institutional equity funds from Renaissance Technologies posted impressive gains. As reported by the NY Times DealBook, the Renaissance Institutional Futures Fund (RIFF) and the Renaissance Institutional Equities Fund (RIEF) rose 6.6 percent and 5.4 percent respectively adding to their yearly gains of 9.2 percent and 25.6 percent. True to its name, the fund group has enjoyed a renaissance of positive returns following persistent losses from 2007 through 2009. Created originally in 1982 by James Simons, an M.I.T. math professor, Renaissance Technologies is renowned for its sophisticated computer programming to execute its trading strategies.
For Detailed Investor Profiles on these Investors, click below:
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Jim Simons
Related Entities: 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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