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I know some folks there too, and I sincerely doubt they're fraudsters. But character references aside, the claim that Medallion is skimming the other funds jus
by auntienomen 8y ago
I know some folks there too, and I sincerely doubt they're fraudsters.
But character references aside, the claim that Medallion is skimming the other funds just doesn't add up: Medallion is at capacity and has been for at least a decade. It's been producing at least $3B / year in profits during that time, and that's redistributed to RenTec employees as cashflow, either as bonus (from their infamous 5/45) or as profits returned to the Medallion investors. So, we're talking about minimum $30B spun out in cash over the past decade. That's basically the total AUM of their other funds.