For those questioning the returns, it's important to remember this fund's strategies clearly have capacity constraints. The article mentions a cap of $10B and a

For those questioning the returns, it's important to remember this fund's strategies clearly have capacity constraints. The article mentions a cap of $10B and a decade ago it was half that amount. Why cap the size? What this means is usually whatever strategies RenTec employees are using in their Medallion fund likely do not work at larger dollar amounts. Even worse, attempting to run a quant strategy above its size constraint can break it (this includes exposing too much about it to others). This would lead to it not ever working again even if they went back to only using small amounts. if it aint broke, dont break it.