复兴科技公司（Renaissance technologies）.doc

复兴科技公司（Renaissance technologies） According to Bloomberg News reported in April 8th this year, by the financial turmoil, the global total assets of $1 trillion and 900 billion hedge fund industry to open the poor record of more than ten years since the start of the worst. Hedge fund giant James - Simmons (James Simons) and Stephen Mandel (Stephen Mandel), also recorded the biggest loss since the occupation career Bloomberg reported that according to the situation of information investors directly master said, Simmons in charge of the $18 billion Renaissance institutional Equities Fund (Renaissance Institutional Equities Fund) market, since the peak in May last year, has dropped 12%. According to the familiar Mandels Lone Pine (Lone Cedar Fund) fund insider sources, the market value of the fund since December last year, the highest since 10.6% has declined Hedge fund market capitalisation fell by an average of 2.78% in the first quarter of this year, according to statistics released by Hedge Fund Research Inc., a Chicago based hedge fund research firm. The widespread collapse of hedge funds shows that the cold credit market, the increasingly devalued housing market, and a weak economy showing signs of all recessions have even caused havoc for rational investors Investment in hedge funds in Chicago Riverview Alternative Investment Advisors LLC research director Larry dhiarello (Larry Chiarello) said: the cause of market chaos are widely distributed, so it has touched many market corner, maybe you could not imagine it has caused such a large range of Not only that, the hedge fund industrys losses are not confined to the one or two investment strategies. Simmons and Mandel adopted a contrarian investment strategy The 52 year old Mandel, according to the companys fundamentals of picking stocks, in his investment tycoon Julian Robertson (Julian Robertson) under the banner of the tiger (Tiger Management LLC.) to learn the skills, is now one of the most popular stock market