Tag Archives: hedge fund analysis

The Past of the Futures (Renaissance RIFF) Fund

While the RIEF fund has opened up a bit to investors, there’s virtually no information available on the Renaissance Futures RIFF fund started in 2007. In his Nov. 2008, testimony before the House Committee on Oversight and Government Reform, Jim Simons said about RIFF that it: “…is a slow trading fund, investing in commodities, currencies, […]

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Galleon Technology Fund: A Clipper Or A Barge?

The goal of this weeks post is to explore the factors driving Galleon Technology fund’s performance a bit deeper. The fund was widely known for its high turnover, rapid-fire trading and extensive use of options to leverage short-term bets. Therefore, it seems unlikely that this quintessential hedge fund could resemble a typical technology sector mutual […]

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Galleon Puzzle: Can You Spot Insider Trading – Without Wiretapping?

The pattern in alpha is as important as its magnitude… Daniel Li Michael Markov In the recent insider trading scandal involving the founder of Galleon Group, Raj Rajaratnam, the government used wiretaps to secretly record his phone conversations and those of his alleged accomplices. In the complaint, government prosecutors present an insider trading case against […]

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Renaissance RIEF April 2009 Performance Puzzle

Back in 2007, we published a research report “The Law of Large Numbers“ with an analysis of the Renaissance Technologies RIEF fund and  showed how a similar strategy would have performed during previous recessions and major market downturns. Thus, it shouldn’t come as a surprise that the RIEF has lost about 17% through April and […]

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It’s in the Numbers-How Proper Analysis of Returns can be a Crystal Ball

MPI performed an analysis of the hedge funds managed by Mangan & McColl Partners looking for tell-tale warning signs of the fund’s closure that investors might have been able to see with proper analysis techniques. Click here to download the PDF

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Seeing Through Walls – Bringing Greater Transparency to Hedge and Mutual Fund Analysis

A review of traditional applications of Returns-Based Style Analysis (RBSA) and the details of a new proprietary Dynamic Style Analysis (DSA) methodology developed by MPI to provide hedge fund and hedge fund of fund managers with an unprecedented view into the workings of individual funds for due diligence, performance analysis and risk management. Click here […]

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