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Computer Protection Renaissance Renaissance technologies were mistaken after Donald Trump’s tariff announcement last week sent shocking waves through global financial markets.
The Renaissance Institutional Shares Fund, one of the group’s flag strategies offered to external investors, decreased about 8 percent to April since Friday, according to three people familiar with the figures. Losses reduce the profits of the 2025 fund to 4.4 percent.
Renaissance losses underline the turmoil in financial markets that Trump last Wednesday said the US would impose 10 percent universal taxes and much higher tasks on many of America’s leading partners.
One of the smallest Renaissance strategies tried better in the latest market turbulence. The institutional institutional fund of the Diversified Institutional Renaissance Alpha, which from last September reached only 3.6bn dollars, decreased 2.4 percent in April and returned 11.5 percent for the year, people said.
The institutional stock fund, which reached $ 19.6 billion since September last year, earned 22.7 percent last year, while the diversified fund Alpha grew 15.6, according to a person who had seen the numbers.
Founded by Pioneer Quant Jim Simons, known as “King Quant” and died last May, the Renaissance is one of the most popular quantitative protection funds in the world. Quant Shun funds make human decisions and instead rely on computer algorithms to trade, often identifying models in market data and trying to browse trends.
Protective funds and other investors faced some of the most challenging days of trading last week since 2020 Coronavirus Pandemic shocked global markets.
Shares worldwide fell sharply on Thursday and Friday, with the US S&P 500 dropping more than 10 percent. This week, even ultra -secure assets such as the US government’s debt sold, as defensive funds moved their money into cash and again exposed them to the market.
Protective funds have also been hit with steep margin calls since Pandemia, as Wall Street banks last week have asked their customers to provide more money in support of their loans, the Financial Times reported. This lever allows protective funds to strengthen profits when they make lucrative trade, but can also increase losses.
After decades of high returns, external Renaissance funds recorded large losses from volatile oscillations during the pandemic, which led to its external assets under steep management. The firm’s medallion fund, often called the largest money making machine in history, has been completely closed to external investors for about two decades.
