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- Jim Simons' Renaissance Technologies posted a 39% gain before fees at its flagship Medallion fund this year through April 14, The Wall Street Journal reported.
- The Cold War code-breaker's hedge fund scored almost a 10% gain in March, outperforming most of its rivals.
- However, Renaissance's equity fund lost 10% this year through April 10 as its computer models struggled to navigate volatile markets, Bloomberg reported.
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Renaissance Technologies, a secretive hedge fund founded by Cold War code-breaker and maths professor Jim Simons, scored a 39% gain in its flagship Medallion fund this year through April 14, The Wall Street Journal reported.
Medallion gained almost 10% in March, investors told The Journal. An estimated 75% of hedge funds posted losses that month as the coronavirus pandemic shook markets. Medallion's outperformance fueled a 24% gain after fees for the first 15 weeks of this year, The Journal reported.
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/3eCUFKn
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