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Could they been moving money from their open to investments , less successful funds to the medallion fund? Maybe even thought the market via trades?
by ajmurmann 7y ago
Could they been moving money from their open to investments , less successful funds to the medallion fund? Maybe even thought the market via trades?
- Noughmad 7y agoThis makes a lot of sense. Sacrificing a percent of profit from other funds won't make that much of a different in the minds of possible investors, but managing a fantastically high fund must be a good advertisement.
- RookyNumbas 7y agoNo, the medallion fund existed for 20 years before these other funds were opened.
- papln 7y agoWas Medallion fund Rentec's only business, or was there other business they could skim from?
- RookyNumbas 7y agoJames Simons had a funds for tech startups. But it wasn't nearly large enough to support the kind of profits that happened.