You should keep in mind that most of these changes are a result of high frequency trading. Its flagship hedge fund Medallion was so successful that it ejected outside investors in 2005, and now just manages the money of the firm’s employees. Copyright © 2021 MarketWatch, Inc. All rights reserved. Renaissance Institutional Equities Fund (RIEF) The Renaissance Institutional Equities Fund or RIEF as it is also known is another of Renaissance Technologies top performing hedge funds. Fund Investment Objectives. Renaissance Institutional Equities Fund Application #77335505. Renaissance Institutional. The Renaissance Institutional Diversified Global Equities Fund was down 10% in the first quarter. (Bloomberg) --Renaissance Technologies, one of the industry’s best performing hedge fund firms, is down 13.4% this year in its biggest fund open to the public despite the surging U.S. stock market. The East Setauket, New York-based firm is best known for its Medallion fund, which is only open to executives and employees and has had annualized gains of roughly 40% over the past three decades. The Renaissance Institutional Equities Fund was founded in 2005 and trades primarily equities and was among a group of algorithmic traders who entered into equities trading near the 2008 financial crisis. Renaissance Institutional Equities Fund LLC is a Delaware Limited-Liability Company filed on May 2, 2005. Status Refresh. But in 2020, returns at Renaissance were mixed. SEC CIK . Its Medallion Fund, available only to Renaissance insiders, returned 76%. This is a staggering number and it boggles the mind to think about managing that much money. Renaissance Institutional Equities Fund is a Hedge Fund in New York, that has raised $25.94B from 2,289 investors, with a minimum investment of $1K, for a fund started in Jul 2005. Company profile. Former name: UBS RENAISSANCE INSTITUTIONAL EQUITIES FUND I … Renaissance Institutional Diversified Alpha **-32%: Quant: Renaissance Institutional Diversified Global Equities **-31%: Quant: Odey European-28%: Long-short equity: AQR Global Stock Selection-22%: Quant: Renaissance Institutional Equities **-20%: Quant: Winton Fund ***-20%: Quant: Bridgewater Pure Alpha II-17%: Macro: Systematica Macro Relative Value-16%: Quant: Two Sigma … Part of … The firm is regarded as one of the "most secretive and successful" hedge funds in the world. Renaissance Institutional Equities fund, the firm’s biggest hedge fund, is up 6% net of fees in 2017 after surging by 21.5% in 2016. The Renaissance Institutional Equities Fund, which employs a net-long trading strategy in U.S. and non-U.S equity securities that are publicly traded on U.S. securities exchanges (and certain derivatives thereon). Their signature Medallion fund is famed for the best record in investing history. Henry LauferNathaniel SimonsAnne SmallDr. The move comes at a difficult time for Renaissance, which has struggled to navigate the market volatility since the coronavirus pandemic began. The Renaissance Institutional Diversified Global Equities Fund, which employs a market-neutral strategy, trades equities listed on global securities exchanges. Last year it returned 21 percent. Latest news . The Renaissance Institutional Equities Fund, which only trades U.S.-listed stocks that its computer models expect to rise, posted a decline of about … Renaissance Institutional Equities Fund International L.P. is registered with the U.S. Security and Exchange Commission and incorporated in the state of Bermuda. 1 ways to abbreviate Renaissance Institutional Equities Fund updated 2020. Research Scientist. James SimonsDr. Renaissance, which oversaw about $75 billion as of earlier this year, has long been one of the $3 trillion hedge fund industry’s most profitable firms. David LippeDr. Summary. 13D/G. New York, NY. Renaissance Institutional Equities Fund (RIEF) In 2005 Renaissance Institutional Equities Fund (RIEF) was created. The firm’s third fund that is available to outsiders is the 10-year-old $10.5 Renaissance Institutional Equities Fund, which trades only in U.S. listed stocks. The company's filing status is listed as Active and its File Number is T06000000014. This fund made 10.3% in 2018. The Renaissance Institutional Equities Fund, a $26 billion-plus hedge fund managed by mathematician James Simons, is down "in the order of 7 percent" for the year through Aug. 8, … REGISTERED AND RENEWED. Renaissance now manages more than $36 billion, up from $27 billion a year ago, even after returning about $1 billion from its signature Medallion fund, which is closed to investors. Returns prior to August 2005 reflect the returns of the Renaissance Institutional Equities Fund (RIEF), , net of DQE’s management fee calculated monthly. New York. Renaissance Institutional Equities Funds (RIEF) invest primarily in U.S. and non-U.S. equity securities publicly traded on U.S. exchanges, based on a quantitative, long-biased investment strategy. Computer Programmer. Renaissance Institutional Equities Fund is a Florida Trade filed on January 6, 2006. Incorporated. Its Medallion Fund, available only to Renaissance insiders, returned 76%. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund Interests. Fund Investment Objectives. RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC raised $25,938,078,223 from 2289 investors on 2020-01-15. RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC Funding details RENAISSANCE … ALPHAKEYS RENAISSANCE INSTITUTIONAL EQUITIES FUND I, L.L.C. Legendary Jim Simons, an awarded math genius and a former military code breaker, founded back in 1982 one of the nowadays largest quant hedge funds in … The firm’s third fund that is available to outsiders is the 10-year-old $10.5 Renaissance Institutional Equities Fund, which trades only in U.S. listed stocks. The Long Island-based group had managed to pare back some of its earlier losses as markets recovered from the initial shock of a global economic shutdown to stem the pandemic, but its recent performance woes gave back those gains. The firm serves both institutional and high net worth clientele and offers a variety of investment management strategies. Renaissance Institutional Renaissance Technologies is a quantitative investment management company trading in global financial markets, dedicated to producing exceptional returns for its investors by strictly adhering to mathematical and statistical methods. David Harding’s big computer-driven hedge fund lost 12.9% in the first quarter. Key people: The Renaissance Institutional Equities Fund, which launched in July of 2005, lost 22.62 percent through December 25, according to HSBC’s weekly scoreboard of hedge fund performance. The firm last filed a Form D notice of exempt offering of securities on 2020-04-30. Founded by Mr Simons in 1982, Renaissance is one of the most influential and secretive firms in the hedge fund industry. Renaissance Technologies LLC is the second-largest hedge fund in the world with about $75 billion in discretionary assets under management (AUM) as of January 2020. Renaissance's Institutional Equities Fund suffered a similar blow in 2007, when the subprime mortgage crisis stung quantitative firms, spurring them … Delaware. Key People in RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC: Dr. Peter BrownDr. Renaissance Institutional Equities Fund (RIEF), managed by Renaissance Technologies of East Setauket, New York. Renaissance Technologies is a quantitative investment management company trading in global financial markets, dedicated to producing exceptional returns for its investors by strictly adhering to mathematical and statistical methods. Founded in 1978, Renaissance Investment Management is an SEC registered investment advisor based in the Greater Cincinnati, Ohio area. This year’s losses mark a U-turn in performance for RIDA, which has made money in each of the previous five calendar years, according to numbers sent to investors. While the Renaissance Institutional Equities Fund gained 2.4% last month, it was still outpaced by equities for the year, a rarity in the four-decade history of the firm founded by Jim Simons. The move comes at a difficult time for Renaissance, which has struggled to navigate the market volatility since the coronavirus pandemic began. Its Renaissance Institutional Equities Fund ended 2020 down close to 20 per cent, while its Renaissance Institutional Diversified Alpha declined by 31 per cent, according to people close to the firm. Employees. 800. Data from SEC filing on 15 Jan 2020. New York, NY / East Setauket, NY. The Renaissance Institutional Equities fund is down 12 per cent year-to-date, while Renaissance’s Institutional Diversified Alpha fund has declined by 10 per cent. RIEF has historically trailed the firm's better-known Medallion fund, a separate fund that only contains the personal money of the firm's executives. The fund was up 20.62% in 2006, down -1.04% in 2007. The Renaissance Institutional Equities Fund is the oldest portfolio available to outsiders, launched in 2005. Live/Registered. East Setauket, NY. The Renaissance Institutional Equities Fund, which only trades U.S.-listed stocks, is down a similar amount so far this year, according to a person with knowledge of the matter. While the Renaissance Institutional Equities Fund gained 2.4% last month, it was still outpaced by equities for the year, a rarity in the four-decade history of the firm founded by Jim Simons. It utilizes some of the mathematical techniques that made the Medallion Fund so successful and applies them to … Jim Simons' Renaissance Institutional Equities Fund, which was announced in mid-2005 with the stunning claim that it could handle as much as $100 billion, is down -16.14% as of mid-November 2008, according to industry sources. However, Reniassisnace Technologies does offer other funds: mainly the Renaissance Institutional Equities Fund (RIEF) and Renaissance Institutional Diversified Alpha (RIDA). A Raymond James analyst thinks this year will be a “watershed moment” for the hydrogen economy. Application Filed: 2007-11-21. Industry: Pooled Investment Fund. East Setauket, NY. Research: OneLook Acronym Finder; Serial Number: 77335505: Registration Number: 3475531: Mark Drawing Code: 4000: Illustration: Drawing with word(s)/letter(s)/number(s) in Block form : Attorney … Hedge funds typically have rounds of investments. Products: Medallion Fund Institutional Equities Fund Institutional Diversified Alpha. Robert MercerMark SilberDr. RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC … However, the hedge fund’s external funds performed poorly in 2020, according to HSBC’s weekly hedge fund scoreboard. Part of the decline for the Renaissance Institutional Diversified Alpha fund came this month amid volatility brought on by the coronavirus crisis, according to Bloomberg. For financial reporting, their fiscal year ends on December 31st. The Renaissance Institutional Equities Fund lost 22.62% YTD from December 25, 2020 and the Renaissance Institutional Diversified Alpha lost 33.58% in the same period. Renaissance Technologies, the quantitative hedge fund firm founded by Jim Simons, lost almost 21% this year through the first week of June in its market-neutral vehicle. Equities Operations Associate. A spokesman for the firm declined to comment on the returns, which were reported earlier by the Financial Times. Location. The company's File Number is listed as 3963652. Renaissance Technologies’ flagship fund, the Medallion, stopped accepting money in 1993. (adsbygoogle = window.adsbygoogle || []).push({}); RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC raised $27,384,066,262 from 2411 investors on 2021-01-15. Renaissance’s RIDA fund trades global stocks and runs a so-called ‘market-neutral’ portfolio that balances out bets on rising and falling prices. Learn More. However, the fund’s largest positions are likely to be longer term bets made by its Institutional Equities Fund. 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