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Renaissance Suffers $5 Billion in Redemptions Since Dec. 1

Feb.08 -- Renaissance Technologies has seen at least $5 billion in redemptions since Dec. 1 -- a once-unthinkable rebuke from clients after unprecedented losses from the East Setauket, New York-based company founded by former codebreaker Jim Simons in 1982. Bloomberg Television's Anna Edwards reports and Edmund Shing, chief investment officer at BNP Paribas Wealth Management, also comments.