Renaissance Underperforms S&P by 17% In April

"Demonstrating just how massive the ongoing quant (and market) dislocation is, the most recent performance numbers for Jim Simons monster RIEF fund, which is arguably one of the largest quant funds in the world with $100 billion in total capacity (comps being BGI, Getco and Highbridge, the last of which incidentally was responsible for the massive market spike on Thursday afternoon as it force-deleveraged through its owner JP Morgan), indicate that it is underperfoming the S&P by almost 17% Month To Date."