The value of RenTech's AMC position soared almost 20-fold in three months, as the hedge fund tripled its stake and the stock rose nearly 500%.
RenTech's clients are pulling out their money after the firm's three public funds posted their worst performance ever in 2020.
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 […]
Renaissance Technologies sold its Apple and Amazon stakes and ramped up its Tesla investment last quarter, a regulatory filing shows. Jim Simons’ quantitative hedge fund likely raked in $US600 million to $US900 million by selling the two tech stocks. RenTech also raised its Tesla stake by 44% after slashing it […]
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 […]
Renaissance Technologies cut its Tesla, Amazon, and Starbucks holdings in the first quarter. The quantitative hedge fund, founded by Cold War codebreaker Jim Simons, sold more than 80% of its Tesla and Starbucks stock and 43% of its Amazon shares, a financial filing revealed. RenTech also slashed its stakes in […]
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 […]
Jim Simons’ Renaissance Technologies posted a 39% gain before fees at its flagship Medallion fund this year through April 14, The Wall Street Journal reported. The Cold War code-breaker’s hedge fund scored almost a 10% gain in March, outperforming most of its rivals. However, Renaissance’s equity fund lost 10% this […]
Hedge fund billionaire Jim Simons is backing biotech firm Codagenix and its development of a potential coronavirus vaccine, Bloomberg reported Wednesday. The founder of Renaissance Technologies holds at least a 25% stake in the drug developer and stands to win big from an effective vaccine. Codagenix expects to have a […]
R enaissance Technologies potentially made over $US1.5 billion in two months after buying Tesla stock last quarter. The hedge fund raised its stake to 3.9 million shares, worth about $US1.6 billion at the end of December. Those shares are now worth almost $US3.2 billion after Tesla’s 91% stock rally this […]
The top 15 hedge fund managers collectively earned $US12 billion in 2019, with the top five taking in more than $US1 billion each, according to Bloomberg estimates. The hedge fund industry generally underperformed the soaring US stock market last year, yet 14 of the 15 funds listed posted double-digit returns. […]
A secretive $US120 billion hedge fund founded by a Cold War codebreaker has vastly outperformed Warren Buffett over the past three decades. A dollar invested in Renaissance Technologies’ flagship Medallion fund in 1988 would reportedly be worth $US27,000 net of fees in 2018, dwarfing a $US107 return from Buffett’s Berkshire […]
Five of the ten biggest individual donors in the 2018 midterms were hedge fund founders, a new report from Washington D.C. non-profit Public Citizen states. Out of the nearly $US700 million given by the 100 biggest donors in the 2017-18 election cycle, nearly half came from the finance industry, the […]
Renaissance Technologies, a quant hedge fund that oversees $US84 billion, bought up $US479.5 million worth of Facebook between April 1 and June 30, regulatory filings show. The hedge fund was apparently “buying the dip” after the social network’s scandal-ridden spring caused shares to plunge by 20% at the end of […]
Renaissance Technologies, the legendary and...
Major Republican donor Robert Mercer is...
Renaissance Technologies, a secretive $73...