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They are being sued for back taxes to the tune of $6.8 billion. So this may not be as legit as it seems.
by eternalny1 7y ago
They are being sued for back taxes to the tune of $6.8 billion. So this may not be as legit as it seems.
- throwawaymath 7y agoThat $6.8 billion is nowhere near the total returns generated by Medallion over its lifetime. I agree the basket option scheme with Deutsche was questionable financial engineering, but the tax implications could at best augment the returns of an already profitable strategy. You cannot account for ~40% annual average returns over 30 years (after 5% management and 44% performance fees) using clever tax evasion.