Renaissance’s Institutional Equities Fund, the biggest of the external vehicles, lost 19% in 2020, the letters show. That fund got the biggest chunk of the redemptions. The Institutional Diversified Alpha fund dropped 32% and the Institutional Diversified Global Equities fund fell 31%.
Our GTO jumped by 27.7% (growth) over 2020… We believe in Quantamental but never in a full quant approach. Not cause we are not believed in, but just cause these algorithms are replicating patterns dictated by humans and programmed by humans… That’s mean full of bias of construction, imperfection while the environment that fueled the initiate pattern is evaporated…
The ex-codebreaker from the NSA, the founder, created a $60bn Hedge Fund.