Renaissance Technologies, a single of the world’s most prominent hedge fund firms, is largely known for its phenomenally successful flagship fund Medallion, which is now closed to outdoors investors. Jim Simons’s Renaissance Technologies, a single of the greatest quantitative firms with $26 billion below management, posted a 1 percent achieve in December in its Institutional Equities Fund, extending its advance for the year to 15 %, the person said. Eric Mindich’s $9 billion Eton Park also profited from its primary fund’s China-connected holdings in December, when it gained 1.1 %, stated a individual familiar with the matter.
Mr. Cohen’s family office, Point72 Asset Management, generated a gross profit of $2.five billion to $3 billion, mentioned several individuals briefed on the firm’s performance who spoke on the condition of anonymity. It is tough to evaluate Point72’s efficiency to that of a hedge fund simply because the figures for Mr. Cohen’s firm do not take into account operating charges, like the salaries and bonuses paid to Point72’s far more than 800 workers.
1 large hedge fund that has reported final efficiency numbers to investors is David Einhorn’s Greenlight Capital, which ended the year up practically 9 %, stated a particular person briefed on the firm’s returns. A broker at a big Wall Street investment firm stated that a few weeks ago he advised his clientele who had invested with Mr. Paulson’s firm to redeem their money due to the fact of the firm’s general poor performance. Under his watch, the fund never ever had a income-losing month, according to fund documents. On the flip side, methods such as Asset-Backed Lending, have a significantly tighter variety of functionality.
We subtracted original assets from present assets and multiplied the result by every single fund’s efficiency charge to derive the profit figures. The sturdy functionality final year was a reversal from the prior three, when the fund lost funds each calendar year. The average hedge fund hasn’t developed large returns in 2014, usually as component of their threat-conscious style.
Braga’s $7.8 billion BlueTrend gained 13.3 percent in 2014 by way of November, according to overall performance data obtained by The fund was previously a unit of hedge fund giant BlueCrest Capital Management but spun out this month beneath Braga’s new Systematica Investments. My sources told me Andurand Capital is up 14% net in December, bringing the YTD net functionality to +36% and assets below management are now about $400 million. Critics really like to hate hedge funds’ relatively higher charges, low performance and secrecy.