Quant-focused Renaissance Technologies has seen almost USD15 billion in outflows over the past 14 months, according to a Bloomberg report, despite the firm’s three publically-available hedge funds having delivered double-digit returns for investors in 2021.
Quant-focused Renaissance Technologies has seen almost USD15 billion in outflows over the past 14 months, according to a Bloomberg report, despite the firm’s three publically-available hedge funds having delivered double-digit returns for investors in 2021.
The reports says that the outflows initially started in 2020 after the RIEF, RIDA and RIDGE funds delivered negative returns of 19 per cent, 31 per cent, and 31 per cent respectively in 2020, while Renaissance’s private Medallion strategy generated positive returns of 76 per cent over the same period.
The three public funds subsequently returned positive performance of 20 per cent, 15 per cent, and 10 per cent in 2021, according to Bloomberg.
