Hedge funds Renaissance Technologies, the $30bn hedge fund run by billionaire mathematician James Simons, is considering selling a minority stake to a big outside investor or group of investors in coming weeks.
The move suggests that Renaissance, one of the world’s biggest hedge funds, may believe the crisis in the US credit markets and the global flight to safety among investors will be short-lived and that there will be ample opportunity for it to continue to earn its historically high returns.
