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From the WSJ report: Because the settlement relates to the tax treatment of Medallion’s gains, it doesn’t affect the fund’s historic returns, which top almost
by ksherlock 5y ago
From the WSJ report:
Because the settlement relates to the tax treatment of Medallion’s gains, it doesn’t affect the fund’s historic returns, which top almost every other hedge fund.
- mikeyouse 5y agoFor a fun exercise, these activities took place between 2005 and 2015 -- call it 2010 to split the difference. If you assume that they knew they'd likely get dinged for the $7B and just kept that amount in their fund and invested it alongside their employee money - how much profit did they make by litigating this for 10 years to delay the payout?
- kyleee 5y agoIs this a new common core 5th grade curriculum maths word problem?
- cidquick 5y ago0, the Medallion fund is capacity constrained.
- vpribish 5y agodated info here, but they've always said the fund is capacity-limited so has to throw off billions in profits per year, it does not get to stay and compound.