Renaissance Technologies LLC
Assets Under Management
$92.0B
Number of Clients
14
Number of Advisors
N/A
Avg. Portfolio per Client
$6.6B
Avg. Managed per Advisor
N/A
Compensation
Fee-Only (% of Portfolio)
About This Firm
Renaissance Technologies is an investment management firm that uses mathematical and statistical methods to manage private investment funds. Renaissance's systems use computer models to make trading decisions in U.S. and non-U.S. equities, debt instruments, futures, and foreign exchange. Renaissance offers services to affiliated collective investment pools that are part of three distinct master-feeder fund structures.
Fee Structure
Renaissance Technologies manages investments for private funds and charges a management fee based on a percentage of the fund's net asset value. The firm may also charge performance-based compensation, calculated as a percentage of net profits or net capital appreciation. The fees vary depending on the fund family:
- Medallion Funds: 4.00% of the value of the capital account annually, plus 36.00%-44.00% of net profits.
- Renaissance Institutional Equities Funds (RIEF Funds): 0.20%-1.50% of net asset value annually, plus 0.00%-10.00% of net capital appreciation.
- Renaissance Institutional Diversified Alpha Funds (RIDA Funds): 0.85%-1.00% of net asset value annually, plus 10.00% of net capital appreciation.
- Kaleidoscope Fund: No direct management fee or performance allocation, but investors bear their allocable portion of the fees and allocations charged to the underlying funds.
Areas of Practice
Location
800 Third Avenue, New York, NY, 10022