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Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. Now running an equity research company. Affinity for activist campaigns and targeted stocks. Check out our newsletter and activist model portfolio at stockpucker.com and follow us on twitter @stockpucker
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  • Why Has Billionaire Jim Simons Been Slipping? 0 comments
    Feb 18, 2013 2:47 PM | about stocks: BMY, MSFT, INTC, COH, CMG

     

    Billionaire Jim Simon's fourth quarter investor letter showed that his strategy could be showing signs of slipping. The returns for his hedge fund management company Renaissance Technologies (RenTech) were disappointing in 2012. As a result I decided to take a look at what may have led to Simons and RenTech's lackluster performance and see if I couldn't learn from his mistakes. The broad-based under-performance was driven by a number of RenTech's key funds. The Institutional Diversified Alpha Fund, launched on March 1, reported a 1.28% loss for 2012, while its Renaissance Institutional Futures Fund lost 3.17% versus a gain of 1.84% in 2011. Meanwhile, its Renaissance Institutional Equities Funds, which trades both U.S. and non-U.S. equities listed, was up 8.4% in 2012, but the return still lagged that of the S&P 500, which was up over 13%.

    read the rest at the stockpucker blog...

     

    Themes: hedge funds, stocks Stocks: BMY, MSFT, INTC, COH, CMG
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