Specifically, Renaissance Technologies, maintained the largest position in Sculptor, with a $1.3 million investment at the end of the quarter. ExodusPoint Capital also took up a $0.3 million share at the same time.
SCU stock returned 3.4% since the end of the second quarter and has consistently outperformed the market by wide margins.
Sculptor’s current success and favor might stem from its recent change in leadership. Jimmy Levin, as the new CEO, is committed to an investment model that is based on full collaboration across their teams and products. In turn, this has yielded a boost in 2020 returns. Their new dividend policy favoring shareholders has equated a 12% yield at the current share price ($3.19 in dividends), which is likely also a contributing factor.