In a rough year for hedge funds, Renaissance's REIF, which allows the public access to James...

|By:, SA News Editor

In a rough year for hedge funds, Renaissance's REIF, which allows the public access to James Simons shop's legendary quant strategies, is cruising, up 21% through June. Not perfect - the fund lost money in 2007,08,09 - REIF has returned 6% since its 2005 inception vs. 3.7% for the S&P.