Renaissance Technologies To Close Underperforming Hedge Fund: WSJ

By Wallace WitkowskiMarketWatch Pulse

Renaissance Technologies LLC will be closing down one of its underperforming hedge funds, The Wall Street Journal reported Tuesday. The quant hedge fund firm said it will close its $1 billion Institutional Futures Fund by the end of the month, according to the Journal. The closing of the fund comes on the heels of reports of other hedge fund closures by Bain Capital and Fortress Investment Group .

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