Why Gold and Bitcoin Provide Money Printing Insurance
The Canadian Investor
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The Remarkable Success of Renaissance Technologies' Medallion Fund
This chapter explores the outstanding performance of the algorithmic trading hedge fund, Renaissance Technologies, specifically the Medallion Fund led by Jim Simons. It delves into the fund's extraordinary returns averaging 68% gross and 40% net from 1998 to 2018, showcasing its ability to outperform during market downturns like the 2008 financial crisis. The chapter also highlights the fund's unique strategies focused on currencies and commodities, its capped size to avoid slippage issues, and challenges faced when dealing with enormous volumes in thinner markets.
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