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)

wsj

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s