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that only works as long as they are small enough. IIRC thats why they are very selective about taking investments.
by DesiLurker 4y ago
that only works as long as they are small enough. IIRC thats why they are very selective about taking investments.
- shapefrog 4y agoThe fund has $165 billion in discretionary assets under management
- eigenvalue 4y agoThey haven't taken outside investments for many years because of capacity constraints with their strategy. It goes beyond that actually: they force people to take dividends of their profits, because the strategy can only handle so much capital before marginal returns plunge-- otherwise they would quickly have too much capital if they kept reinvesting their cumulative profits.
- robocat 4y agoI thought the strategies varied over the years: early adopter by jumping on different bleeding edge strategies. Strategies restricted by limited fund size.
- robocat 4y agoTo add: “So, how does the Medallion Fund make money? It finds individual patterns in data and exploits each pattern just enough to turn a small profit. And when you add up all of those small profits, you end up making a lot of money.”