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22

Secretive Hedge Fund Renaissance Picks Winner in Hot Japanese Tech Stock

By Tony Seruga

V Tech shares surged 185% last year after successful deal
Company eyes revenue-doubling partnership in OLED displays

V Technology Co., a small Japanese supplier to display makers, added a surprising new shareholder last June: Renaissance Technologies.

For the secretive U.S. hedge fund started by Jim Simons, it turned out to be an especially savvy bet. Shares of V Tech, as it’s known, surged almost threefold in 2016, with much of the gain coming after Renaissance first reported a stake. V Tech, whose market value has jumped to $616 million, posted the second-best stock performance in a broad index of Tokyo-listed companies last year…

Secretive Hedge Fund Renaissance Picks Winner in Hot Japanese Tech Stock

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