Business & Tech
Simons Hedge Fund Not Betting on Google, Apple
East Setauket firm has lowered its investments in these tech giants.
Google and Apple might be the biggest tech companies on the planet, but for East Setauket hedge fund Renaissance Technology Corp., that just might not be enough.
The firm, led my local billionaire Jim Simons, has cut its investments in those two companies, according to a brief posted on Newsday.
Renaissance, which boasts $23.5 billion in holdings, also sold all of its stock in Exxon Mobil, Verizon, General Electric, AT&T, PepsiCo, Amazon.com and Comcast.
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