Agree, but: 1) They're a huge, huge outlier 2) Any of Renaissance's funds are not nearly as scalable as a passive index fund 3) As a hedge fund will still ta

Agree, but: 1) They're a huge, huge outlier 2) Any of Renaissance's funds are not nearly as scalable as a passive index fund 3) As a hedge fund will still take a big chunk out of returns as fees