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Famously Renaissance has an employee-only fund that's provided insane returns since the early 90's [1]. It's kind of a ridiculous claim you're making -- that th
by ng12 10y ago
Famously Renaissance has an employee-only fund that's provided insane returns since the early 90's [1]. It's kind of a ridiculous claim you're making -- that the entire trillion dollar industry is struggling to beat just sitting on the S&P. Capitalism doesn't work that way.
[1]. https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box https://www.bloomberg.com/news/articles/2016-11-21/how-renai...
- jjeaff 10y agoIt is a trillion dollar industry but not for beating the market. It's for the fees they charge on assets under management.