{"id":58781,"date":"2017-07-03T01:04:15","date_gmt":"2017-07-03T05:04:15","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=58781"},"modified":"2017-07-03T01:07:55","modified_gmt":"2017-07-03T05:07:55","slug":"hedge-fund-renaissance-picks-winner-as-japan-stock-surges-1813","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2017\/hedge-fund-renaissance-picks-winner-as-japan-stock-surges-1813.html","title":{"rendered":"Hedge Fund Renaissance Picks Winner as Japan Stock Surges 1,813%"},"content":{"rendered":"<p>(Bloomberg) In late March, a headline flashed across the Bloomberg terminal: Renaissance Technologies holds 5.43 percent of CyberStep Inc. It turned out to be one smart bet. The Tokyo-based developer of online games, which few outside the industry would have heard of, was about to put in the second-best quarter of any company in Japan, handing the secretive U.S. hedge fund a more than sixfold return. Over the past year, the stock has gained 1,813 percent.<\/p>\n<p>Renaissance took some profit, trimming the position according to a filing in May. But it was still one of the company\u2019s largest institutional shareholders with a 3.45 percent stake at that time, according to the filing. An email to Renaissance outside U.S. office hours wasn\u2019t immediately answered. A CyberStep official declined to comment.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-30\/hedge-fund-renaissance-picks-winner-as-japan-stock-surges-1-755\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) In late March, a headline flashed across the Bloomberg terminal: Renaissance Technologies holds 5.43 percent of CyberStep Inc. It turned out to be one smart bet. The Tokyo-based developer of online games, which few outside the industry would have [&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-58781","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58781","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=58781"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58781\/revisions"}],"predecessor-version":[{"id":58782,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58781\/revisions\/58782"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=58781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=58781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=58781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}