6 ms·

Another example is Renaissance Technologies. Their Medallion Fund has averaged 80% returns. If you put $1,000 in the fund in 1988, it would've become $13.8 mil

• tomp 10y ago
  It wouldn't, no. Their strategy is limited by size, and they're returning profits (that they can't invest further) to investors every year. I.e. the returns aren't compounding (any longer).
  • vostok 10y ago
    It's even more frequently than every year these days.