funds

Money-market mutual funds (MMMFs) have had a turbulent couple of weeks. On March 18, the Federal Reserve System created a Money Market Mutual Fund Liquidity Facility (MMLF) to “assist money market funds in meeting demands for redemptions by households and other investors.” What’s the source of the trouble? The story begins with an investor flight, …

The hedge fund empire founded by billionaire Jim Simons has taken a bit of a beating as the coronavirus pandemic rattles stocks, The Post has learned. As of Friday, two funds run by Simons’ Renaissance Technologies hedge fund firm posted double-digit losses for the year, sources said. The Renaissance Institutional Equities Fund was down 17 …

Hedge fund managers made a killing in 2019, only to get put through the wringer when the coronavirus hit. Institutional Investor revealed its closely watched “rich list” of hedge fund titans this week based on 2019 returns. Topping the list were many of the usual suspects, including mathematician-turned-quant trader Jim Simons, who earned an estimated …

When billionaire Bill Ackman went on television last week to tearfully warn that “hell is coming” and beg the White House to shut down the country for 30 days, he was knee deep in a bet against the markets that netted him $2.6 billion. In a Wednesday note to investors of his Pershing Square fund, …

Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person familiar with the situation. The fund, which practices a so-called multi-strategy array of bets on stocks, …