From FinancialNews-US.com: Quantitative fund managers, including US-based Renaissance Technologies and Analytic Investors, were among the worst-performing managers in US equities in the third quarter. Jim Simonsâ Renaissance Equities Institutional Fund, launched in 2005, returned -3.2% in the third quarter against a return of 2% for the Russell 1000 index, according to data compiled for Financial News by investment consultant Mercer. Over 12 months to the end of September, the fund returned 8.3% against 17.2% for the index. When the fund was launched, Renaissance claimed it could handle up to $100bn (â¬68bn) in assets. Another quantitative firm, Los Angeles-based Analytic Investors, which is part of UK-listed financial services group Old Mutual, was also at the bottom of the universe, making a return of -3.2% in the quarter. Quantitative managers, which rely on computer models to make market bets, experienced extreme volatility in August when a few large funds started liquidating positions. The best-performing US equity fund was Wellington Managementâs focused equity fund, which made 10% in the third quarter. In global equities, AQR Capital Management, the Connecticut-based quantitative fund manager, returned -1.3% in the quarter... http://www.financialnews-us.com/?page=ushome&contentid=2349304331