2026 has so far resembled the worst parts of 2025 at many quant hedge fund managers.
The beginning of the year had the worst stretch of losses since early October, according to a Goldman Sachs report, and several big-name managers did not avoid the pain.
HSBC’s Hedge Weekly report states that Renaissance Technologies’ two largest funds lost roughly 4% each through January 9. A person familiar with Schonfeld said the manager’s quant-only strategy was down 3.9% through January 16.
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