RENAISSANCE TECHNOLOGIES LLC other names

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm

Number of Employees:

300 -3.23%

of those in investment advisory functions:

160

Registration:

SEC, Approved, 1/12/1998

AUM:

89,259,682,162 -15.81%

of that, discretionary:

89,259,682,162 -15.81%

GAV:

75,145,421,131 -35.74%

Avg Account Size:

5,950,645,477 -15.81%

SMA’s:

YES

Private Funds:

8 1

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
166B 142B 119B 95B 71B 47B 24B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Business Leader of the Week: Meet James Simons, mathematician and hedge fund legend
02/16/2024

Renaissance Technologies' reputation as one of the most successful and significant hedge funds in the world has been cemented by its unwavering ...

internationalfinance.com

Hedge Fund and Insider Trading News: Prem Watsa, Bill Ackman, David Einhorn, Renaissance Technologies, TD Synnex Corp (SNX), and More
02/09/2024

Short Seller Alleges Accounting Manipulation by Fairfax (The Hindu Business Line) Markets are ‘Fundamentally Broken’ Due to Passive Investing, Says David Einhorn (MarketWatch) Qube and Renaissance have Started 2024 with a Bang. Here’s How Quant Funds Did in January. (Business Insider) With New Fund, Ackman Cashes In (The Crimson) Hedge Funds Face Cash Drought as […]

Insider Monkey

Ken Griffin and Ja Rule Converge in Miami as Power Meets Glamour - Bloomberg
02/03/2024

Hedge-fund billionaire Henry Laufer, who co-founded the Medallion Fund at Renaissance Technologies with Jim Simons, co-chaired the event. Ninety miles ...

Bloomberg

Quant Vatic adds hedge fund-style trading team
02/01/2024

Quant trading firm Vatic Investments, which takes 'inspiration' from systematic hedge fund firm Renaissance Technologies, has hired a new team to trade statistical arbitrage strategies using client money, according to a report by eFinancial Careers.

Hedge Week

Meet the Investors Trying Quantitative Trading at Home - WSJ
01/20/2024

and his Renaissance Technologies hedge fund helped launch what many call the quant revolution. So-called quant funds use algorithms coded into ...

Wall Street Journal

What hedge fund did Ray Dalio found in 1975 a Renaissance Technologies b | Course Hero
12/31/2023

What hedge fund did Ray Dalio found in 1975 a Renaissance Technologies b from CAMERON MC TAKAYE GAI at Dr. Gloria D. Lacson Foundation Colleges ...

coursehero.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 8 $75,145,421,131

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Private Funds



Employees




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Brochure Summary

Overview

Renaissance Technologies LLC ("Renaissance" or the "Firm") is an investment management firm, founded in 1982, that implements quantitative investment strategies on behalf of its clients. It acts as general partner, managing member, and/or investment manager to U.S. and non-U.S. private investment funds (the "Funds") and an institutional account ("Account") that invests in a variety of securities, futures, and derivatives contracts. Renaissance is owned by two parent companies: Renaissance Technologies Holdings Corporation (with approximately a 78% stake) and RTC II Holdings LLC (with approximately a 22% stake). Each parent company is, in turn, owned by current and certain former principals of the Firm and certain related persons. Renaissance uses quantitative analysis, specifically, mathematical and statistical methods, to uncover technical indicators that drive its automated trading systems. These systems, or models, are the product of an extensive research effort by Renaissance's technical staff who hold advanced degrees in mathematics and the sciences. The Firm's quantitative analysis and trading activities are applied to mature, highly liquid, publicly traded instruments in the following asset classes: U.S. and non-U.S. equities, debt instruments, futures, forwards, and foreign exchange, as well as derivatives thereon. Generally, the Firm provides its advisory services to affiliated collective investment pools that are part of four distinct master-feeder fund structures (the "Fund Families"): (1) the Medallion Funds, which employ a short-term, quantitative trading strategy across multiple asset classes; (2) the Renaissance Institutional Equities Funds (the "RIEF Funds"), which employ a net-long trading strategy
in U.S. and non-U.S. equity securities that are publicly traded on U.S. securities exchanges (and certain derivatives thereon); (3) the Renaissance Institutional Diversified Alpha Funds (the "RIDA Funds"), which trade equity securities that are publicly traded on global securities exchanges and derivatives thereon;1 and (4) the Renaissance Institutional Diversified Global Equities Funds (the "RIDGE Funds"), which trade equity securities that are publicly traded on global securities exchanges and derivatives thereon. In addition, the Firm operates Renaissance Kaleidoscope Fund LLC ("Kaleidoscope Fund"), a fund of funds for employee and employee- related investors that currently invests in each of the Medallion, RIEF, and RIDA Fund Families. Investors in each Fund Family choose among various feeder funds according to their domicile, tax status, and other attributes. Within certain Funds, investors may also choose among various series that have different fee structures and, in some cases, liquidity provisions or rights related to portfolio transparency. Beyond these offerings, the Firm does not tailor its advisory services to individual investor requirements. For the Account, the Firm accepts client-imposed investment guidelines and restrictions. As of 12/31/2022, the Firm's regulatory assets under management totaled $106,026,795,439. All assets are managed on a discretionary basis. 1 On April 1, 2022, Renaissance eliminated algorithmic futures/forwards trading and unwound the corresponding components of the RIDA Funds’ portfolio. The RIDA Funds maintain the ability to take on futures/forwards positions for risk reduction purposes.