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Managed by Renaissance Technologies LLC

Introduction

Renaissance Institutional Equities Fund (“RIEF”) invests primarily in US and non-US equity securities publicly traded on US exchanges, including ADRs (and derivatives thereon), based on a quantitative, long-biased investment strategy. RIEF is intended to achieve over the long term a risk-adjusted return that, on a gross basis, exceeds that of the S&P 500 Index with dividends reinvested (the “Index”). RIEF seeks a higher Sharpe ratio than the Index, a beta to the Index of 0.4 or lower, and the generation of most returns as alpha relative to the Index. RIEF is not a tracking fund and seeks to provide diversification from the Index. The RIEF investment process is automated and employs proprietary statistical models of price prediction, risk, and trading cost to build a portfolio of thousands of long/short positions. RIEF is also designed to be net $100 long for each $100 of equity, with leverage constraints that generally average 2.5 to 1.0 (1.75 long/.75 short). Renaissance intends to m…

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Renaissance Institutional Equities Fund (“RIEF”) invests primarily in US and non-US equity securities publicly traded on US exchanges, including ADRs (and derivatives thereon), based on a quantitative, long-biased investment strategy. RIEF is intended to achieve over the long term a risk-adjusted return that, on a gross basis, exceeds that of the S&P 500 Index with dividends reinvested (the “Index”). RIEF seeks a higher Sharpe ratio than the Index, a beta to the Index of 0.4 or lower, and the generation of most returns as alpha relative to the Index. RIEF is not a tracking fund and seeks to provide diversification from the Index. The RIEF investment process is automated and employs proprietary statistical models of price prediction, risk, and trading cost to build a portfolio of thousands of long/short positions. RIEF is also designed to be net $100 long for each $100 of equity, with leverage constraints that generally average 2.5 to 1.0 (1.75 long/.75 short). Renaissance intends to modify RIEF’s trading strategy on or after February 1, 2023, with the objective that RIEF not be greater than $100 net long for each $100 of equity but with no objective that it not be less. Research is ongoing, with the aim of improving the risk-adjusted return potential of Renaissance’s investment strategies.

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Fundamentals

  • Fund AUM (April 30, 2024) 17.7B USD
  • Inception ******
  • Legal Structure **** *****
  • Domicile ********
  • UCITS *
  • Managed account available? *
  • Prospectus Benchmark ********
  • Fund Status ******

Strategy Overview

  • Type of Fund HSTG000001
  • Style ******
  • Strategy **
  • Methodology **** *****
  • Region Exposure ******

Team

  • Fund Manager Robert Mercer, PhD
  • Fund Manager Peter Brown
  • Fund Manager Peter Brown, PhD

Share Class

  • ISIN ******
  • Investor Type **
  • Share Type **
  • Minimum Investment ********** *****
  • Management Fee ********** *****
  • Performance Fee ********
  • Subscription Fee **
  • High-Water Mark ********
  • Redemption Frequency ********
  • Lockup Period ** ** *****
  • Notice Period *** ****** *
  • Redemption Fee **
  • Redemption Gate **
  • Hurdle Rate ********** *****
  • Clawback ** ** *****
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Cumulative Returns

Performance returns for Renaissance Institutional Equities Fund
None
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2022 nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn
2023 nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn
2024 nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn nn.nnn
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Contact information for Renaissance Institutional Equities Fund
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