Renaissance keeps moving ahead


Anyone overly concerned that running vast sums of capital will inevitably crimp hedge fund returns should really take a look at the Jim Simons' Long Island-based firm, Renaissance Technologies.

Recent Securities and Exchange Commission records show that the Renaissance equity portfolio alone weighed in at a staggering $15.1 billion with leverage, going into the final quarter. And when the dust settled, Renaissance investors came out ahead an estimated 22% on the year. And that's after fees, an area where Simon's shop is also an industry leader, charging a performance fee that is twice the norm of 20%, according