Renaissance Pulls the Trigger on New Fund

The quantitative firm rolled out a new diversified equity strategy this month.

Renaissance Technologies has moved ahead and launched a new hedge fund, a move we reported back in October that the firm was considering.

The East Setauket, New York–based, quantitatively focused firm founded by math whiz James Simons recently raised $1.5 billion for the Renaissance Institutional Diversified Global Equities (RIDGE) fund.

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