Medallion Fund Literally Printed Money In The Last 30 Years

We all know that the secret to getting insanely rich is to accumulate assets and avoid liabilities. The difficult part is knowing in advance which asset gets us there faster.

There are several success stories involving real estate, collectibles and other assets which are not liquid or do not have a large trading market. Most of them involve a one time buying decision and then a long holding period.

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It is rare to consistently beat the market by trading over a long period of time; especially liquid markets such as stocks or commodities.

Renaissance Technologies was founded by Jim Simons; a former Cold war code breaker and a famous mathematician. He is known in the scientific community for co-developing the Chern–Simons theory.

Who Owns Renaissance Technologies?

What Is Medallion Fund? Simons and algebraist James Ax started a hedge fund and named it Medallion in honor of the math awards that they had won. The Medallion fund used mathematical models to explore correlations from which they could profit.

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The Medallion fund embodies the “will robots take my job” sentiment prevalent on Wall Street. Data Since the early days, Renaissance has been collecting and curating vast data archives of everything. From economic metrics to the weather to trading sentiment and a million other variables.

How Does Medallion Fund Work?

The Medallion fund manages roughly $10 billion in assets. The secret to their outperformance also lies in the fund size. They have never let the fund get too big. Whatever profit they make, is paid out. This enables the firm to stay small and nimble.

How Big Is Medallion fund?

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