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7 hedge funds that scored big gains during the market meltdown
7 hedge funds that scored big gains during the market meltdown
Theron MohamedApr 22, 2020, 14:01 IST
AP Images / Jason Decrow
Jim Simons' Renaissance Technologies, Bill Ackman's Pershing Square, and the "black swan" fund Universa Investments posted big gains during the recent coronavirus sell-off.
They bucked the industry trend, as more than seven in 10 hedge funds suffered losses in March, Bloomberg estimated.
Here are six funds that scored big wins during the market meltdown.
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017.
Reuters / Richard Brian
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Renaissance Technologies
im Simons attends IAS Einstein Gala honoring Jim Simons at Pier 60 at Chelsea Piers on March 14, 2019 in New York City.
Sylvain Gaboury/Getty Images