The renaissance of the hedge funds suffers from severe losses in the tariff of turmoil

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Computer hedge funds were made, and they were placed on an equal footing after the announcement of the “Liberation Day” tariff in Donald Trump last week, sent shocks throughout global financial markets.

Al -Nahda Fund, the Renaissance Fund, which is one of the leading strategies of the group provided to external investors, fell to about 8 percent in April as of Friday, according to three people familiar with the numbers. The losses reduce the gains of the box 2025 to 4.4 percent.

renaissanceIts losses on the turmoil in financial markets since Trump said last Wednesday that the United States will impose 10 percent international fees and much higher duties for many trading partners in America.

One of the smaller Renaissance strategies was better in the last market turmoil. The people said that the Alpha Fund for the Renaissance Corporation, which managed to only 3.6 billion dollars from last September, decreased by 2.4 percent in April and returned 11.5 percent for this year.

The Fund Fund, which ran $ 19.6 billion from September last year, gained 22.7 percent last year, while the Alpha Fund varied 15.6, according to the person who saw the numbers.

The amount of Pioneer Jim Simons, which was known as “quantitative king” and died last May, was founded by the Renaissance is one of the most famous quantities in the world Hedge boxes. The quantitative money avoids making human decisions and instead depends on computer algorithms to make trades, often specify patterns in market data and try to browse trends.

Hedge funds and other investors have faced some of the most challenging trading days last week since the Coronverus virus’s pandemic escalated in 2020 global markets.

The shares around the world decreased sharply on Thursday and Friday, as the United States fell more than 10 percent. This week, even the safe assets such as the US government debts that were sold, as the hedge funds transferred their money to cash and restore their exposure to the market.

Hedge boxes were also struck by the most severe marginal calls since the epidemic, as last week her customers asked their customers to provide more money as support for their loans. This financial lever provides hedge boxes to amplify profits when they are trading, but they can also amplify losses.

After decades of high revenue, the external funds for renaissance shows recorded significant losses of volatile fluctuations during the epidemic, which led to a sharp decrease in its external assets. The company’s medal fund, which is often called the largest money raising machine in history, is completely closed to external investors for about two decades.