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(Bloomberg) Credit Suisse Group AG is temporarily barring clients from withdrawing all their cash from a fund that invests with Renaissance Technologies after the strategy tanked and investors rushed to exit. The bank has invoked a so-called hold back clause, after assets in the CS Renaissance Alternative Access Fund slumped to about $250 million this month from approximately $700 million at the start of 2020, according to people with knowledge of the matter. While investors will receive 95% of their redemption requests after two months, the remaining 5% is expected to be paid out in January, after the fund’s year-end audit, the people said. The hold back mechanism was put in place at the fund’s inception in 2016. The fund lost about 32% last year, in line with the decline in the Renaissance Institutional Diversified Alpha Fund International fund that it invests into, the people said. Renaissance, regarded as one of the most successful quant investing firms in the world, was rock

Antonio horta osorioRenaissance institutional diversified alpha fund internationalBloomberg credit suisse groupCs renaissance alternative access fundCredit suisseRenaissance technologiesAlternative access fundGreensill capitalArchegos capitalBusiness generalஅன்டோனியோ ஹார்டா ஒஸோரியோப்ளூம்பெர்க் கடன் ஸ்யூயி குழுகடன் ஸ்யூயிமறுமலர்ச்சி தொழில்நுட்பங்கள்வணிக ஜநரல்