RENN Fund, Inc.

RENN Fund, Inc. is a closed-end equity mutual fund incorporated in Texas and headquartered in New York. Launched by RENN Capital Group, Inc., the fund is co-managed by Horizon Kinetics Asset Management LLC. The fund's primary objective is to generate investment returns through exposure to U.S. public equities, focusing specifically on small-cap and mid-cap companies across diversified sectors. The fund was originally established as RENN Global Entrepreneurs Fund, Inc. in January 1994 before being renamed.

The fund employs a fundamental analysis approach with bottom-up stock selection to construct its portfolio. Rather than tracking an index or relying on sector-level allocations, portfolio managers conduct individual company research to identify investment opportunities that meet the fund's criteria for size and quality. As a closed-end fund structure, RENN Fund issues a fixed number of shares that trade on the New York Stock Exchange, distinguishing it from open-end mutual funds that issue and redeem shares on demand.

Revenue for the fund derives from management fees charged on assets under management, which represent the primary business model for asset managers. Specific employee counts and detailed asset figures are not publicly available through standard disclosures.