The thing is, there are large extinction events with hedge funds. The chance that RenTech (run by Jim Simons, former NSA cryptologist), beats all competitors, y

The thing is, there are large extinction events with hedge funds. The chance that RenTech (run by Jim Simons, former NSA cryptologist), beats all competitors, year over year, for over 35 years against a different set of hedge funds each year is much less than 5%. Also, to think that RenTech is insider trading is borderline ludicrous. They don’t even hire finance people. Most of their original employees come from the IBM linguistics lab. I work in the industry, and to be honest, many/most hedge funds are full of shit. They have high fees and enrich themselves at the expense of their clients. But let me tell you, RenTech is the real fucking deal. No one can match their returns. In fact, they make so much money that their main money maker (the Medallion Fund), isn’t even open to outside investors (only employees get to contribute). Look at their historical return stream, it’s ridiculous. According to Wikipedia, from 1994 to 2014 it averaged an annual return of over 70%. I don’t know what the P value is of that off the top of my head but it must be under .00005. https://en.m.wikipedia.org/wiki/Renaissance_Technologies https://en.m.wikipedia.org/wiki/Renaissance_Technologies