The fallout from the pandemic provoked the US market’s fastest descent into bear market territory, before a massive wave of stimulus from global central banks and governments prompted a sharp rebound that briefly took the S&P 500 into positive territory for the year.The long rally in Tesla shares has generated a lot of debate on Wall Street—not so much about why the stock is up, but why so much. We've received your submission.In a move that could severely ding investors, secretive hedge fund Renaissance Technologies is in talks to settle a dispute with the Internal Revenue Service over billions in unpaid taxes.Now the hedge fund is warning investors — who include the company’s billionaire founder and math whiz James Simons — that they could incur “substantial” payments if a deal over the tax dispute is hashed out, according to a December letter seen by Bloomberg, which first reported the news.The fund’s tax dispute centers on options it controlled tied to a portfolio of securities. Not even a crisis can bring down Renaissance Technologies’ market-leading Medallion fund. Despite a volatile stock market and a brewing recession, Renaissance Technologies and founder Its chief Medallion hedge fund is up 24% this year through April 14, according to investors who spoke That's well ahead of the broader stock market, which is down more than 11% since the rapid spread of the novel coronavirus and government efforts to contain its spread threaten to bring many economies to a near standstill.Much of the Medallion's impressive year-to-date gain is thanks to a 9.9% gain in March, one of the worst months in modern financial history, the Journal reported.

The East Setauket, New York-based firm is best known for its Medallion fund, which is only open to executives and employees and has had annualized gains of roughly 40% over the past three decades.The $75bn computer-driven fund firm, founded by former Cold War codebreaker Jim Simons, is having a difficult year navigating the increased market volatility brought on by the coronavirus pandemic.Renaissance’s equities-focused funds were among some of the most high-profile casualties of the coronavirus-led market rout in early March, putting the firm on track for one of its worst annual performances.

Until the next Medallion Fund comes along, you and I can only dream… The Medallion fund, open only to current and former RenTech employees, is known for its average annual returns of 40 percent a year net of fees. The East Setauket, NY, resident — who founded the hedge fund known for sky-high returns in 1982 — is repeatedly named the nation’s highest earning hedge fund manager and is estimated to be worth $21.5 billion by Forbes.

In fact, its Medallion Fund has performed so well that Jim Simons returned all outside investor capital and manages the fund purely for …

An The Medallion fund — responsible for about $10 billion of Renaissance's $75 billion in assets under management — has delivered an average post-fees gain of 39% a year since 1988, The Journal said. The Long Island-based group had managed to pare back some of its earlier losses as markets recovered from the initial shock of a global economic shutdown to stem the pandemic, but its recent performance woes gave back those gains.Founded by Mr Simons in 1982, Renaissance is one of the most influential and secretive firms in the hedge fund industry. It reads like a thriller and gives great insight into the minds of one of the most successful investors of all times. Renaissance Technologies is an odd name for a hedge fund management company.

Registration on or use of this site constitutes acceptance of our Renaissance Technologies, a secretive hedge fund founded by the Cold War codebreaker and math professor Jim Simons, scored a 39% gain in its flagship Medallion fund this year through April 14, Medallion gained almost 10% in March, investors told The Journal. Renaissance Technologies, one of the world’s largest and best-known hedge funds, has extended its recent run of poor performance and has recorded double-digit losses this year, according to investors.Renaissance Technologies, the quantitative hedge fund firm founded by Jim Simons, lost almost 21% this year through the first week of June in its market-neutral vehicle.Part of the decline for the Renaissance Institutional Diversified Alpha fund came this month amid volatility brought on by the coronavirus crisis, Renaissance’s RIDA fund trades global stocks and runs a so-called ‘market-neutral’ portfolio that balances out bets on rising and falling prices. Financial markets have proved hard to time for many traders this year. Their last reported 13F filing for Q2 2020 included $115,840,778,000 in managed 13F securities and a top 10 holdings concentration of 14.35%. Thanks for contacting us. Not even a crisis can bring down Renaissance Technologies’ market-leading Medallion fund. Renaissance Technologies' Medallion hedge fund is reportedly up 24% this year through April 14, including fees. But what it lacks in a name, it makes up in performance.