RENN Fund, Inc. (AMEX: RCG) was established in 1994, formerly known as RENN Global Entrepreneurs Fund, Inc., headquartered in Dallas, Texas, is a closed-end stock mutual fund initiated by RENN Capital Group, Inc.. The fund is jointly managed by Horizon Kinetics Asset Management LLC. It invests in the public stock market in the United States.
RENN Fund, Inc. (RCG):
Horizon Kinetics Asset Management LLC (“Horizon”) is an investment advisor to RENN Fund, Inc.
RENN Fund seeks to provide shareholders with an above-market rate of return through capital appreciation, and to provide income by investing in a variety of financial instruments, including but not limited to ordinary shares, including convertible and non-convertible debt securities or loans Fixed-income securities, distressed debt, warrants and preferred stocks, exchange-traded funds and exchange-traded notes, and other instruments and securities that may or may not be listed on regulated exchanges. Funds may also engage in short-selling transactions of stocks, exchange-traded funds and exchange-traded bills, including leveraged and non-leveraged transactions. The fund invests in companies that Horizon believes are undervalued and likely to achieve high returns.
The RENN Fund aims to invest in company stocks in various industries. It seeks to invest in the stocks of small and medium-sized companies. The fund uses fundamental analysis and bottom-up stock selection methods to create its investment portfolio.