Renaissance Technologies

6224.867 - 6248.321 Ben Gilbert

So what do they do? Well, time to start another fund. So they start the Renaissance Institutional Equities Fund. And there's a couple of things to add a little bit of context to really why they decide to do this. Well, the first one is sometimes there's just more profitable strategies than they had the capital to take advantage of in Medallion, but they weren't sure it would be on a durable basis.