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Aren't there some shenanigans with those numbers around their larger funds not doing as well? It's easy to make a few high margin dollars, hard to make a lot o
by datadrivenangel 2y ago
Aren't there some shenanigans with those numbers around their larger funds not doing as well?
It's easy to make a few high margin dollars, hard to make a lot of high margin dollars.
- makestuff 2y agoThey limited the fund size so employees frequently got distributions from the fund instead of just rolling over their investments. However, the distributions were still in the millions of dollars. They also got into some tax trouble with uncle sam and had to pay 7b in back taxes (https://www.wsj.com/articles/james-simons-robert-mercer-others-at-renaissance-to-pay-7-billion-to-settle-tax-probe-11630617328 https://www.wsj.com/articles/james-simons-robert-mercer-othe...)
- danielmarkbruce 2y agodepends on your definition of "few". Rentech made a "few" for very large "few".
- paulpauper 2y agolol . Only made tens of billion. What a failure.