It seems crypto overall is even crushing to the successful fund of Jim Simons. Here are some article highlights to show things ain’t working out for some reason
While the Renaissance Institutional Equities Fund gained 2.4% last month, it was still outpaced by equities for the year, a rarity in the four-decade history of the firm founded by Jim Simons. Its two market-neutral funds didn’t fare any better.
The market-neutral Renaissance Institutional Diversified Alpha Fund fell 0.6% and the Renaissance Institutional Diversified Global Equities Fund rose 0.4% last month, according to a person familiar with the matter. They’re down about 20% and 18.6%, respectively, for the first seven months of 2020.
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