RenTec

JP Morgan and Deutsche Bank continue dominating the trading in the most popular index hedges, SPY and IWM. Aside from these trading outliers, all is good, as consumer confidence spikes, and while retail sales continue dropping, the whisper, the promise, the hope, of at least one more sale at (or within +/-30% of) MSRP is in the air.

After posting a deplorable relative performance in the first week of May, Simons' REIF is now matched with the S&P at 1.37% for both MTD. Did J.S. finally turn to the dark side and start buying SPY? If so, who is the marginal buyer left now that everyone is just a little pregnant.

Today, the WSJ finally picked up the story on one of the most interesting and exciting funds of the past decade: Renaissance, or affectionately known in geek circles as RenTec. Frequent readers of Zero Hedge are aware that there is likely much more than meets the eye at the uber secretive East Setauket campus.

Today, the WSJ finally picked up the story on one of the most interesting and exciting funds of the past decade: Renaissance, or affectionately known in geek circles as RenTec. Frequent readers of Zero Hedge are aware that there is likely much more than meets the eye at the uber secretive East Setauket campus.