RSS feedrenaissance
’Renaissance fund in first loss for 20 years
Renaissance Technologies, one of the best known and best performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years. Renaissance’s Institutional Equities fund, which it launched in 2005 and designed to hold up to $100bn,
Uralkali resurrects $700m stake sale
Russia’s Uralkali, one of the world’s largest producers of potash fertiliser, will on Monday announce it has revived plans for a London stock market listing, almost a year after it abandoned its first attempt to float.
Bullish US hedge fund may sell stake
Renaissance Technologies, the $30bn hedge fund run by billionaire mathematician James Simons, is considering selling a minority stake to a big outside investor or group of investors in coming weeks. The move suggests that Renaissance may believe the crisis in the US credit markets will be short-lived.
… As BNP Paribas freezes funds
Kick-starting Thursday’s market meltdown, BNP Paribas shocked markets by announcing the suspension of redemptions on three investment funds with assets of about €1.6bn. Goldman Sachs and Renaissance were also affected as performance at quantitative hedge funds reflected volatile markets.
Macquarie’s Russian Renaissance
Prolific Australian infrastructure investment bank Macquarie is making its first tentative footsteps behind the former Iron Curtain after signing a deal to work with Russian investment bank Renaissance Capital,
Feeling brave? – Renaissance on Africa
Remember when? As late as 1990, China’s GDP was $390bn to Africa’s $405bn, points out Renaissance Capital.
Now China is roughly five times the size – while Africa contains 15 per cent of the world’s population,
Renaissance looks to Africa
Some banks are only just getting comfortable with Russia. Meanwhile, the Russians are moving onto the next big thing.
Stephen Jennings, the billionaire founder of Renaissance Capital, is planning to double his investment in Africa to at least $1bn this year,
When is a hedge fund not a hedge fund?
If you’re having trouble telling the difference between hedge funds and investment banks these days, the latest ranking from Alpha magazine probably won’t help, says DealBook. In a further sign of how deeply Wall Street firms are getting into the hedge-fund business,
The billion dollar boffin
Before diving into this weekend’s UK Rich List, we can round off the last week’s round of ogling at the uber-wealthy with an FT profile of James Simons, the president of $25bn Renaissance Technologies,
The hedge fund salary calculator
OK – so three hedge fund “titans” took home more than $1bn last year – with the top 25 earners, ranked by Alpha magazine, raking in more than $14bn, about the GDP of Jordan or Uraguay.
The survey put Jim Simons,
Top three fund managers earn over $1bn each
The combined earnings of the world’s top 25 hedge fund managers of almost $15bn exceeded the national income of Jordan last year and three individuals took home more than $1bn each, according to an annual industry survey.
Vneshtorgbank looks to buy ahead of London listing
Vneshtorgbank, Russia’s state-controlled bank, has approached the country’s two largest investment banks about a deal as it prepares for a London listing in May, according to Dow Jones via the WSJ.
Red risk squared
Could derivatives covering all things Russian be about to take off in a big way?
Barely six months has elapsed since the Duma took the first, tentative steps toward giving derivatives trading a firm(ish) legal footing,