undefined | Better HN

0 pointsscarmig4y ago0 comments

2020, Renaissance funds' performance:

Closed to outsiders:

Medallion, +76%

Open to outsiders:

RIEF, -23%

RIDA, -34%

0 comments

nceqs34y ago

You forgot to mention that the external funds have performed exceedly well (20+%/year) over the past 15 years even after a 44% performance fee.

Also the external funds are different strategies than Medallion.

baobabKoodaa4y ago

> 2020, Renaissance funds' performance ...

Since this is in reply to me, let me ask, what's the implication here? The tone of your post sounds like you disagree with me, but it's not clear what exactly you disagree with? Grandparent claimed that no-one can beat the market. I said that Renaissance Medallion Fund beats the market. Then you post a single-year performance of +76%, which is a really good performance for 2020. So... you agree with me?

scarmigOP4y ago

I don't disagree with you that individuals can outperform the market.

I do think it's worth pointing out that that doesn't mean that the average retail investor will generally outperform the market, even if they're sophisticated enough to have even heard of Renaissance.

jjoonathan4y ago

If I were investing someone else's money, I'd be happy to put a little in RIEF and RIDA in exchange for medallion shares.

j / k navigate · click thread line to collapse