Bleeding continues : RenTec´s RIEF/B Underperforms S&P By 8.3% In First Week of May

[ASusilovic]

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 ?

 

[aradiel]

Quote from ASusilovic:

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?

 

[prophets]

is up about 2.9% YTD... so do the math

 

[Trader KGB]

Medallion (the Jesus fund) is all that really matters to RenTec. RIEF is just their quasi-mutual fund fee skimming operation.