According to Bloomberg news Renaissance Technologies' Medallion Fund 'averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014'. Is this true? If so, how did they do it? - Quora
![Trung Phan on X: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x ( Trung Phan on X: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x (](https://pbs.twimg.com/media/E8R7hyWVcAMgNAb.png)
Trung Phan on X: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x (
![Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee. Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee.](https://m.media-amazon.com/images/I/71kmtz4ToZL._AC_UF894,1000_QL80_DpWeblab_.jpg)
Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee.
![Nick Maggiulli on X: "For reference, here are the annual returns for the Medallion Fund (net returns include the 5% management and 44% performance fee). This is from Greg Zuckerman's book: https://t.co/WI7XNuPQoE" / Nick Maggiulli on X: "For reference, here are the annual returns for the Medallion Fund (net returns include the 5% management and 44% performance fee). This is from Greg Zuckerman's book: https://t.co/WI7XNuPQoE" /](https://pbs.twimg.com/media/EJWfZsJWkAAO00v.png)
Nick Maggiulli on X: "For reference, here are the annual returns for the Medallion Fund (net returns include the 5% management and 44% performance fee). This is from Greg Zuckerman's book: https://t.co/WI7XNuPQoE" /
![Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee. Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee.](https://m.media-amazon.com/images/I/71rNnXzDpFL._AC_UF894,1000_QL80_DpWeblab_.jpg)
Jim Simons's Medallion hedge fund and Renaissance technologies testifies before the House Oversight Committee.
What is the secret behind Renaissance Technologies? Can mathematics really be used to bring high returns to investors? - Quora
What is the secret behind Renaissance Technologies? Can mathematics really be used to bring high returns to investors? - Quora
![At 40, Jim Simons left a famed math career to launch the most successful hedge fund ever: Renaissance Tech. Even though it only won 51% of trades, - Thread from Trung Phan @TrungTPhan - Rattibha At 40, Jim Simons left a famed math career to launch the most successful hedge fund ever: Renaissance Tech. Even though it only won 51% of trades, - Thread from Trung Phan @TrungTPhan - Rattibha](https://pbs.twimg.com/media/E8R7moRUcAcF1P3.png)
At 40, Jim Simons left a famed math career to launch the most successful hedge fund ever: Renaissance Tech. Even though it only won 51% of trades, - Thread from Trung Phan @TrungTPhan - Rattibha
![Jay Vas on X: "Just updated my reading list, and one book really stood out: The Man Who Solved The Market Simons' perseverance in developing winning algorithms and his recruitment skills is Jay Vas on X: "Just updated my reading list, and one book really stood out: The Man Who Solved The Market Simons' perseverance in developing winning algorithms and his recruitment skills is](https://pbs.twimg.com/media/FyL9bPdWwAA3nsD.jpg)
Jay Vas on X: "Just updated my reading list, and one book really stood out: The Man Who Solved The Market Simons' perseverance in developing winning algorithms and his recruitment skills is
![Barry Ritholtz on X: ""When Day Traders Do Well, It's Probably Just Luck" There are exceptions, most notably, Jim Simons + the Medallion Fund, whose returns since 1987 are 2,091,747% https://t.co/0Bc1VMGPiT https://t.co/jJLuzxvNzy" / Barry Ritholtz on X: ""When Day Traders Do Well, It's Probably Just Luck" There are exceptions, most notably, Jim Simons + the Medallion Fund, whose returns since 1987 are 2,091,747% https://t.co/0Bc1VMGPiT https://t.co/jJLuzxvNzy" /](https://pbs.twimg.com/media/E3r7SJOWYAgKxEl.jpg:large)