Combined with the 18.7% underperformance for the month of April, RenTec's external fund is now down 27% versus the S&P since April 1. http://zerohedge.blogspot.com/2009/05/riefb-underperforms-s-by-83-in-first.html Can somebody else confirm from other industry sources ?
Enough with relative performances, probably the vast majority of people who read those ZH posts actually think RIEF is in the reds. And I have a feeling it is written that way on purpose. What is the absolute number?
Medallion (the Jesus fund) is all that really matters to RenTec. RIEF is just their quasi-mutual fund fee skimming operation.