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Were they ever making any meaningful difference? How many of them have beaten the returns given by an index fund over last 20 years? Also, I hate the sensationa
by nocoder 9y ago
Were they ever making any meaningful difference? How many of them have beaten the returns given by an index fund over last 20 years? Also, I hate the sensationalism of such articles, more sensationalism usually means less sense.
- clavalle 9y agoQuite a few. Famously Medallion: 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...
- nocoder 9y agoI know about medallion but its also run by quants and afaik largely algorithmic. My argument is against the more traditional fund houses and stock pickers.