Renaissance's computers are some of the world's most powerful, for one. Get this delivered to your inbox, and more info about our products and services. We want to hear from you. Simons reinvented investing when he left academia in the 1970s to launch his trading enterprise. Expert Answer. Data is a real-time snapshot *Data is delayed at least 15 minutes. Renaissance runs the Medallion fund, which has emerged as one of the largest and most prominent hedge funds around. Rief Trading LLC is one of the larger private funds with 20.5 billion in assets. That's well ahead of the broader stock market, which is down more than 11% since the rapid spread of the novel coronavirus and government efforts to contain its spread threaten to bring many economies to a near standstill. Please read the Renaissance Investment family of funds and Axiom Portfolios simplified prospectus before investing. Renaissance, one of the world’s most respected hedge funds among its rivals, allows only company employees to invest in its oldest fund, Medallion. REITs are simple enough to invest in, you'll simply need to work with a broker or financial advisor to find the right one for you. Investments in the Renaissance IPO ETF, symbol "IPO", and the Renaissance International IPO ETF, symbol "IPOS" (the "ETFs") are subject to investment risk, including possible loss of the principal amounts invested. This gives their managers more room to operate and take risk. 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 billionaire hedge fund manager is well-known in the industry because of his quantitative investment strategies. Renaissance’s stocks-focused fund had one of its worst months in more than a decade in February after losing more than 7 per cent. Years of success and outsized returns have placed him in a class of his own, eclipsing fellow legendary investors like Ray Dalio and Warren Buffett. Typical hedge fund fees include a 2 percent management fee and a performance fee, typically around 20 percent, paid to the manager for investment … It also tends to have high turnover and significant leverage. So, the FOF investor in sum is paying up to 2%. Renaissance Technologies founder Jim Simons is one of the greatest investors of all-time. Renaissance… This year the fund is up 1.35 per cent. 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. The Medallion fund employs a short-term, quantitative trading strategy across many asset classes. Before the fees, Medallion was up about 39% for the year, the Journal reported. Much of the Medallion's impressive year-to-date gain is thanks to a reported 9.9% gain in March, one of the worst months in modern financial history for the S&P 500. A Division of NBCUniversal. Peter Brown, who co-heads the firm, usually sleeps on a Murphy bed in his office. The Renaissance Institutional Equities Fund (RIEF), for example, was down 10.4% through April 10, investors say. Hedge funds are like mutual funds, except that they’re designed to increase potential returns and hedge against market losses by investing in a wider array of assets. Simons, a former codebreaker for the National Security Agency, has delivered annualized gains of about 40% for the firm’s Medallion fund over the past three decades. Renaissance set up a new 401(k) plan and in November 2014 the Labor Department allowed that plan to be invested in Medallion as well. Renaissance is the world’s biggest quantitative hedge fund, with about $80 billion of assets. Renaissance Institutional Equities Fund is based out of New York. — Click here to read the original Wall Street Journal report. Jim Simons’ Medallion Fund is the best hedge fund that Insider Monkey has come across. Last year, investors pulled some $70 billion out of all hedge funds, but they added $13.3 billion in new money to quant funds, data from Hedge Fund Research show. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Renaissance plans to cut fees in RIEF, the bigger of the two, to attract new investors. Renaissance Institutional Equities Fund (RIEF) In 2005 Renaissance Institutional Equities Fund (RIEF) was created. Its chief Medallion hedge fund is up 24% this year through April 14, according to investors who spoke to the Wall Street Journal. James Simons, director of Renaissance Technologies Corp. Brendan Smialowski | Bloomberg | Getty Images, successful quantitative firms on Wall Street. 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