5 Biggest Hedge Funds in USA

3. Renaissance Technologies LLC

Assets Under Management: $121.8 billion

Billionaire Jim Simons’ Renaissance Technologies LLC is a leading quantitative hedge fund based in New York that uses highly sophisticated quantitative models to decide what to buy and sell. Renaissance Technologies LLC’s flagship fund, Medallion Fund, is also one of the best performing funds in history. Unfortunately, the Medallion Fund is only open to current and former employees. Some of Renaissance Technologies LLC’s other funds have not done as well with one fund, Renaissance Institutional Equities Fund, declining around 20% in 2020. Like other quant funds, Renaissance Technologies LLC has many employees with advanced degrees that come from non-financial backgrounds. According to SWFI, Renaissance Technologies LLC manages $121.8 billion.