Renaissance Technologies winds down $1bn investment fund

Renaissance Technologies, one of the world’s most successful and secretive hedge fund groups, is to wind down a $1bn investment fund after its underwhelming performance failed to attract enough outside investors. (Financial Times)

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Renaissance Technologies to Close $1 Billion Hedge Fund

Hedge-fund giant Renaissance Technologies LLC is shutting an underperforming fund “due to a lack of investor interest,” according to a letter to investors reviewed by The Wall Street Journal. The $27 billion firm said it would wind down its Institutional Futures Fund, which manages $1.3 billion, by the end of the month. The fund was down 1.75% this year through September. (Wall Street Journal)

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