Markets

Jim Simons’ RenTech fund has fielded over $5 billion of client withdrawals in under 10 weeks, report says

Renaissance Technologies has fielded over $US5 billion in withdrawal requests in less than 10 weeks. Jim Simons’ quantitative hedge fund posted double-digit losses in its three public funds in 2020. However, RenTech’s flagship Medallion fund gained 76% last year. Visit Business Insider’s homepage for more stories. Jim Simons’ Renaissance Technologies […]
Jim Simons’ RenTech fund has fielded over $5 billion of client withdrawals in under 10 weeks, report says
Lifestyle

Meet Robert Mercer, the conservative billionaire who was a megadonor for Trump during the 2016 campaign but is notably absent in 2020

Robert Mercer and his daughter, Rebekah, were amongst the most prominent conservative megadonors in 2016, extending unwavering support to President Trump. So far, Mercer has only made one six-figure donation to Trump’s reelection campaign. An influential figure in the hedge-fund industry and a computer scientist, Mercer made principal investments in […]
Meet Robert Mercer, the conservative billionaire who was a megadonor for Trump during the 2016 campaign but is notably absent in 2020
Markets

7 hedge funds that scored big gains during the market meltdown

Jim Simons’ Renaissance Technologies, Bill Ackman’s Pershing Square, and the “black swan” fund Universa Investments posted big gains during the recent coronavirus sell-off. They bucked the industry trend, as more than seven in 10 hedge funds suffered losses in March, Bloomberg estimated. Here are six funds that scored big wins […]
7 hedge funds that scored big gains during the market meltdown