Opalesque Exclusive: Jim Simons` Renaissance Institutional Equities Fund, hedge fund of funds struggle, portfolio construction to change
From Matthias Knab: In yesterday's overview "FLAT is the new up, CTAs lead hedge fund return leagues" (see here for full article), we already pointed out to the wide dispersion of hedge fund returns this year.
Jim Simons' Renaissance Institutional Equities Fund, which was announced in mid-2005 with the stunning claim that it could handle as much as $100 billion, is down -16.14% as of mid-November 2008, according...
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