Seeing a lot of people going crazy about Renaissance Tech fund and “mysterious” Medallion that is not available for retail investors, there is no any proof that Medallion fund was performing 66% annually besides bunch of pictures of “performance” by paid news from different bloggers and Medium blog random writers.
Main argument that RenTech was performing worse than Medallion, well Medallion performance is not available to anybody, it can be just random LP company with no performance at all…
Here is real RenTech performance by SEC filing
Date/AUM
2009-12 26,1B$
2010-12 24,6B$ (-5%)
2011-12 24,5B$ (-0.04%)
2012-12 30,4B$ (+24%)
2013-12 41,7B$ (+37%)
2014-12 41,4B$ (-0.07%)
2015-12 45,8B$ (+10%)
2016-12 63,1B$ (+37%)
2017-12 90,7B$ (+43%)
2018-12 91,3B$ (+0.6%)
2019-12 130,1B$ (+42%)
2020-12 92,0B$ (-29%)
2021-12 80,3B$ (-12%)
2022-12 73,0B$ (-8%)
2023-12 64,6B$ (-11.5%)
Here are real returns of RenTech by SEC, with junk Sharpe ratio and returns are up down as any other growth mutual fund where it performed well during S&P going up and declining during all Equities declining.
Hype about RenTech is made up imho, there are open returns from SEC and random bloggers writing about 66% annual return.
Buffets portfolio has better Sharpe ratio lol
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