Investing.com -- Last week, the Renaissance Institutional Equities Fund, a flagship strategy of computer-driven hedge fund Renaissance Technologies, experienced a significant loss, FT.com. The fund’s performance was adversely affected by President Donald Trump’s tariff announcement, which he referred to as "liberation day," causing ripples across global financial markets.

As of Friday last week, the fund was down about 8% for April, FT reported, citing three individuals familiar with the figures. This downturn has diminished the fund’s projected gains for 2025 from an earlier estimate to a current standing of 4.4%.

Renaissance Technologies, known for its use of algorithms and quantitative models to drive its investment strategies, offers the Renaissance Institutional Equities Fund to external investors. The recent loss reflects the volatility and risks associated with global financial markets, particularly in the face of unexpected political announcements.

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