Zoom (ZM) Performed Poorly, but Long-Term Future Remains Bright Says Artisan Partners
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Is Lattice Semiconductor Corp (LSCC) A Smart Long-Term Buy?
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5 Biggest Quant Funds in The World
Quant pioneer Renaissance Technologies saw one of the biggest losses in its history from its three funds open to outside investors. Renaissance Institutional Diversified Alpha fund and Renaissance Institutional Diversified Global Equities fund fell in the range of 30% in 2020 while its Institutional Equities fund plunged close to 20%.
Its Medallion Fund, which is available only to Renaissance insiders, returned 76% last year.
Renaissance Technologies remained unsuccessful in accurately predicting market trends during the first half of the year, but the firm managed to trim losses during the second half of the year. In a September quarter letter to investors, Jim Simons said its losses were due to being under-hedged during March’s collapse and then over-hedged in the rebound from April through June. That happened because its trading models “overcompensated” for the original trouble.