Not even the greatest hedge fund in history dodged the rout in March

Author: Adam Button | Category: News

Two Renaissance Technologies funds were down 17% and 13%, respectively

Two Renaissance Technologies funds were down 17% and 13%, respectively
Renaissance Technologies is undoubtedly the greatest money-making machine in history.

The quant-based Medallion fund at Renaissance is unparalleled. It gained 55.9% when it turned the corner in 1990 and hasn't stopped since. The fund founded by Jim Simons has generated average returns of 66%, racking up gains of $100 billion. 

The New York Post today doesn't report on the Medallion Fund, which is only open to employees now. But it reports that Renaissance's Institutional Equities Fund fell 17% in March and the Institutional Diversified Alpha fund fell 13%.

Overall Renaissance manages $130 bilion.

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