{"id":56213,"date":"2017-01-23T08:24:16","date_gmt":"2017-01-23T13:24:16","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56213"},"modified":"2017-01-23T08:24:16","modified_gmt":"2017-01-23T13:24:16","slug":"secretive-hedge-fund-renaissance-picks-winner-in-hot-japanese-tech-stock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2017\/secretive-hedge-fund-renaissance-picks-winner-in-hot-japanese-tech-stock.html","title":{"rendered":"Secretive Hedge Fund Renaissance Picks Winner in Hot Japanese Tech Stock"},"content":{"rendered":"<p>\n(Bloomberg) V Technology Co., a small Japanese supplier to display makers, added a surprising new shareholder last June: Renaissance Technologies. For the secretive U.S. hedge fund started by Jim Simons, it turned out to be an especially savvy bet. Shares of V Tech, as it\u2019s known, surged almost threefold in 2016, with much of the gain coming after Renaissance first reported a stake. V Tech, whose market value has jumped to $690 million, posted the second-best stock performance in a broad index of Tokyo-listed companies last year.<\/p>\n<p>While Renaissance is staying silent on why it built a $27.8 million position in the stock, V Tech President Shigeto Sugimoto says he\u2019s never been more confident about his company\u2019s outlook.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-22\/hedge-fund-renaissance-picks-winner-in-hot-japanese-tech-stock\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) V Technology Co., a small Japanese supplier to display makers, added a surprising new shareholder last June: Renaissance Technologies. For the secretive U.S. hedge fund started by Jim Simons, it turned out to be an especially savvy bet. Shares [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56213","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56213"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56213\/revisions"}],"predecessor-version":[{"id":56214,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56213\/revisions\/56214"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}