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Renaissance hedge fund reportedly having one of its best years ever
- omeze 6y agoMost funds that include a volatility trading strategy are going to do well right now (because volatility ~ downturns). 2008 and 2011 were also really good years for vol arb desks. Not to downplay it, just seems Renaissance gets outsized credit (likely intended on their part for recruitment and fund raising) for things other shops do all the time.
- growlist 6y agoSounds like a perfect time for a windfall tax. I mean, these companies do want to show their solidarity during a pandemic, don't they?
- nunez 6y agoThis is not surprising. There are firms that profit on both sides.
- docPangloss 6y agoIt's interesting how two different news organizations report two different views about Renaissance on the same day (17 April). * CNBC chose to only report on the Medallion fund, which is up 24% YTD. * Bloomberg chose to primarily report on Renaissance's largest fund, REIF -- which is actually down 14% through March 31. Link: https://www.bloomberg.com/news/articles/2020-04-17/renaissance-says-quant-models-misfired-during-march-mayhem https://www.bloomberg.com/news/articles/2020-04-17/renaissan... Neither news outlet reported the weighted aggregated return of Renaissance, the firm--which manages several funds by different portfolio managers. Seems disingenuous at best. My sense is Renaissance might not be doing nearly as well as it wants the market and public to believe...
- neximo64 6y agoActually if you've been an observer through the years/decades REIF has always been that way. The name renaissance has is from the Medallion fund which is the one to watch. There isnt a reason to weigh the collective returns as the best one, Medallion, is closed off for outside investment.
- valuearb 6y agoIt’s irritating when Medallion is identified as an investment fund, instead of what it is, a market maker.