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Renaissance Clients Exit After Firm’s Anemic Run of Results

  • Quant pioneer has seen $5 billion in redemptions since Dec. 1
  • Firm’s public funds had their worst-ever performance in 2020
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WATCH: Jim Simons’s Renaissance has seen at least $5 billion in redemptions since Dec. 1.Source: Bloomberg
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For years, Renaissance Technologies was among the most exalted names in high finance, as close to a sure-thing as Wall Street had. But recent months have battered its reputation, and investors are now streaming to the exits.

Renaissance has seen at least $5 billion in redemptions since Dec. 1 -- a once-unthinkable rebuke from clients after unprecedented losses from the East Setauket, New York-based firm.