文藝復興科技關閉旗下一隻10億美元基金
Renaissance Technologies, one of the world’s most successful and secretive hedge fund groups, is to wind down a $1bn investment fund after its underwhelming performance failed to attract enough outside investors.
全球最成功且最隱祕的對衝基金集團之一文藝復興科技(Renaissance Technologies)將關閉旗下一隻10億美元的投資基金，此前該基金平平的業績未能吸引足夠多的外部投資者。
The hedge fund manager, founded by former Pentagon codebreaker and mathematician James Simons, is mostly known for its phenomenally successful flagship fund Medallion, which is now closed to outside investors.
這家對衝基金管理公司由美國前五角大樓密碼破譯者、數學家詹姆斯纏餶斯(James Simons)創建，最知名的是其極其成功的旗艦基金大獎章(Medallion)，目前不對外部投資者開放。
But Renaissance Technologies has also set up a handful of other funds that remain open to investors, including a so-called “managed futures” fund called Renaissance Institutional Futures Funds that uses algorithms to invest in financial derivatives across the world, taking advantage of market trends.
但文藝復興科技也建立了少量仍對投資者開放的基金，包括一隻名爲文藝復興機構期貨基金(RIFF)、所謂的“管理期貨”基金(managed futures)，它利用市場趨勢運用算法投資於全球金融衍生品。
The fund has about $1bn of assets, and has returned 1.75 per cent this year and 2.86 per cent annualised since its establishment in September 2007, according to a person close to the situation. But that is less than the almost 4 per cent average for managed futures funds and well below the industry’s best-known vehicles.
據一名知情人士稱，該基金管理着大約10億美元的資產，今年的回報率爲1.75%，自2007年9月創建以來年化回報率爲2.86%。但這不及管理期貨基金近4%的平均水平，也遠遠低於該行業最知名的投資工具。
However, RIFF was ended primarily because many investors preferred the Renaissance Institutional Alpha Funds, which was set up in 2012 and invested in futures and cash equities. Most of the capital in RIFF is now internal Renaissance money, according to a person familiar with the matter, so the decision was made to close the fund altogether.
RIFF關閉的主要原因是很多投資者青睞2012年成立的文藝復興機構阿爾法基金(RIAF)，該基金投資於期貨和現金股票。據一位知情人士稱，目前RIFF的多數資金都是文藝復興內部資金，因此做出了徹底關閉該基金的決定。
“We kept RIFF open for any investors who wanted, or had a mandate, to invest in a futures-only fund. Unfortunately, there are not enough such investors to justify the standalone futures fund,” Renaissance Technologies said in a letter to its investors. A spokesman for the hedge fund manager declined to comment.
文藝復興科技在一份寫給投資者的信中表示：“RIFF曾向所有希望或獲得委託要投資於期貨基金的投資者開放。不幸的是，投資者數量不足以證明該獨立期貨基金存在的合理性。”這家對衝基金管理公司的發言人拒絕置評。
