Renaissance Considers Launching Market-Neutral Fund

The famed quant shop is discussing a possible new fund with investors at the same time it’s winding down a futures fund.

Renaissance Technologies is mulling the launch of a new fund and is discussing it with its investors.

According to sources, the East Setauket, New York, quantitative firm is seriously considering whether to create an equity market-neutral fund. The firm has not officially decided to move forward with the launch, but if it does, it will take place in the first quarter.

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