{"id":6995,"date":"2008-01-15T00:00:00","date_gmt":"2008-01-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"renaissance-fund-in-first-loss-for-20-years","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/renaissance-fund-in-first-loss-for-20-years.html","title":{"rendered":"Renaissance fund in first loss for 20 years"},"content":{"rendered":"<p>MSN MoneyCentral &#8211; Renaissance Technologies, one of the best-known and best-performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years.<\/p>\n<p>Renaissance&#8217;s Institutional Equities fund, which it launched in 2005 and designed to hold up to $100bn, lost 1 per cent of its value in 2007, according to investors.<\/p>\n<p>Renaissance, founded by Jim Simons, a former mathematics professor, is one of the most respected names in the hedge fund world. <\/p>\n<p>Its first main fund, Medallion, has returned an average of more than 30 per cent a year, using quantitative computer-driven trading strategies. <\/p>\n<p>However, Medallion manages money only for Mr Simons and Renaissance employees, and has been closed to outside investors for several years.<\/p>\n<p>  <a href=\"http:\/\/moneycentral.msn.com\/inc\/news\/providerredir.asp?feed=FT&#038;date=20080115&#038;id=8038356\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSN MoneyCentral &#8211; Renaissance Technologies, one of the best-known and best-performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years. Renaissance&#8217;s Institutional Equities fund, which it launched in 2005 and designed to hold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6995","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6995","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6995"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6995\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}