(Bloomberg) James Simons’s $32 billion Renaissance Technologies saw its quantitative equity hedge fund gain in June as the Brexit vote roiled markets, adding to the outperformance of computer-driven strategies.
The Renaissance Institutional Equities Fund was up 4.6 percent last month, and 13.8 percent for the first half of the year, according to a person familiar with the matter who asked not to be named because the information is private. The fund, which began in 2005, only trades U.S.-listed equities and is biased toward stocks its model expects to rise.
