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Even with accounting for that change RenTec’s returns don’t change all too much.
by nojito 4y ago
Even with accounting for that change RenTec’s returns don’t change all too much.
- caminante 4y agoDo you know the denominator? I'm skeptical. RenTec's secret sauce has always been their tax attorneys, not their quants. Prior to this "retirement fund" issue, RenTec was notorious for tax avoidance schemes like claiming LT capital gains on basket options.
- nojito 4y agoThe fund is rumored to be around $10B and generates about 44% per year (not compounded). In any event, their secret sauce has always been teamwork and infrastructure. People fail to remember that Simons created a world class math department at stony brook from scratch. He knows how to put smart people together and have them work together.