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That makes a lot of sense. And also explains why the the other funds aren't as 'stellar'. I mean all these quants are in the same company, how is one fund per
by ajay-d 7y ago
That makes a lot of sense. And also explains why the the other funds aren't as 'stellar'. I mean all these quants are in the same company, how is one fund perfect, and the others lackluster.
- 1024core 7y agoI believe (not that I know more than anyone else) it's because their own money is invested in the Medallion fund (and not the other funds).
- auntienomen 7y agoThis is wrong. The people at Renaissance have a lot of their money invested in the other two funds. This is one of the main reasons they built the other two funds; they needed a way of managing money that didn't fit in Medallion. Simons, for example, has a ~$21B fortune, and I doubt he gets more than 1/3rd of Medallion's $10B capacity. He's probably got more money in RIEF than in Medallion.