Reuters - Financials

Renaissance Technologies to shut small hedge fund portfolio -sources

Oct 13 Hedge fund Renaissance Technologies LLC, which manages roughly $ 27 billion in assets, told investors on Tuesday it is shuttering its $ 1 billion Renaissance Institutional Futures Fund at the end of the month, two sources said.

The firm is making the move after investors failed to show great interest in the eight-year old portfolio, it told investors in a letter which was read to Reuters. The fund is off 1.75 percent for the year. (Reporting by Svea Herbst-Bayliss; Editing by Paul Simao)

Reuters: Financials

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