Hedge Funds and Alternatives Alternatives
July 15, 2010
Renaissance Funds Lead the Way In First Half
A large number of high-profile hedge funds lost money in June. But the best performers in June, as well as for the year, are the funds managed by James Simons’ Renaissance Technologies.
By Stephen Taub
A large number of high-profile hedge funds lost money in June. However, not nearly as much as the average fund, which HFR says dropped 0.18 percent in June as well as for the year-to-date through June. The S&P 500 lost more than 5.2 percent last month and 6.7 percent in the first half.
Whats more, a handful of top hedge funds made money in June, according to investors, databases and other sources. In fact, the best performers in June as well as for the year are the funds managed by James Simons Renaissance Technologies.Super-secretive Medallion, the computer-driven, rapid trading fund closed to outsiders for years, was up 17 percent for the first half.....