5 Biggest Hedge Funds in the World by AUM

4. Renaissance Technologies LLC

Latest AUM: $57 billion

Renaissance Technologies is an American hedge fund headquartered in East Setauket, New York. It was founded by the billionaire Jim Simons in 1982 and the fund relies on quantitative trading to make its investments. These models incorporate little known facts into an investment strategy.

Renaissance Technologies LLC’s AUM stood at a massive $57 billion by the end of June 2022, and the fund is known for its diverse employee base which often involves hiring quantitative talent with a non-financial background. Without a doubt Renaissance’s Medallion fund is the best hedge fund ever. Medallion Fund returned an annualized 66% gain before fees over the 1988-2018 period. Medallion Fund returned 76% in 2020 and 48% in 2021. Unfortunately, Medallion Fund doesn’t take any outside capital.

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