DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Quant pioneer Renaissance Technologies’ painful summer continued in July

August 11, 2025
in News
Quant pioneer Renaissance Technologies’ painful summer continued in July
495
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
Jim Simons
Jim Simons at a gala in March 2019.

Sylvain Gaboury/Getty Images

Renaissance Technologies was not immune to the quant market malaise that infected many of its biggest rivals.

The Long Island-based money manager lost 5.1% in its largest fund available to investors, the Renaissance Institutional Equities Fund, and 3.9% in its Renaissance Institutional Diversified Alpha strategy, a person familiar with the quant manager told Business Insider. The two funds are still up through 2025’s first seven months — gaining 5.6% and 6.5%, respectively — but have lost money in the last two months.

The manager declined to comment.

The quant pioneer, which was started by the late billionaire Jim Simons and is now run by his one-time lieutenant Peter Brown, is one of many computer-driven hedge funds to get caught up in what one executive called “a long, slow bleed” of systematic losses. The Renaissance Institutional Equities Fund was down close to 6% in June, according to an HSBC report.

Managers such as Qube Research & Technologies, Engineers Gate, Man Group, and more have lost money this summer, Business Insider previously reported, despite stock markets ticking up over the same period.

Industry experts believed in late July that a turnaround was coming, and data from institutions like Morgan Stanley and Goldman Sachs from the final week of July point to a potential start to a turnaround. Morgan Stanley wrote in a client note that quants made back roughly 30% of their summer losses in the final week of July, for instance.

The 43-year-old firm has seen its assets shrink in recent years, but had a strong 2024 with a 22.7% return in RIEF. It was the fund’s best year since 2011.

The post Quant pioneer Renaissance Technologies’ painful summer continued in July appeared first on Business Insider.

Share198Tweet124Share
New York’s Democratic Governor Called in the Troops Last Year to Fight Subway Crime
News

New York’s Democratic Governor Called in the Troops Last Year to Fight Subway Crime

by New York Times
August 11, 2025

President Trump is not the only elected leader to deploy National Guard troops in response to a supposed crime wave ...

Read more
News

Chabria: Trump wants troops in D.C. But don’t expect him to stop there

August 11, 2025
Music

Juvenile on How To Have a ‘Hotboy Summer’ and Which Song He Thought Would Be Bigger Than ‘Back That Azz Up’ (Exclusive)

August 11, 2025
News

In Mint Condition: Tobe Nwigwe Reveals Reebok x Chukwu ABUO

August 11, 2025
News

Opinion: Why Donald Trump Is Refusing to Pick a Successor

August 11, 2025
Mountain lion bites 11-year-old girl in Malibu then chases her mother and sibling

Mountain lion bites 11-year-old girl in Malibu then chases her mother and sibling

August 11, 2025
D.C. Mayor Calls Trump’s Police Takeover ‘Unsettling’ but Promises Cooperation

D.C. Mayor Calls Trump’s Police Takeover ‘Unsettling’ but Promises Cooperation

August 11, 2025
Saweetie finally meets KTLA 5’s Melvin Robert, reveals dream collaboration

Saweetie finally meets KTLA 5’s Melvin Robert, reveals dream collaboration

August 11, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.