Hedge Funds: Medallian Posts 39% Gain in 2020
The Medallion Fund, the flagship vehicle of Jim Simons’ Renaissance Technologies, has scored a 39% gain through April 14, 2020. According to the Wall Street Journal, the fund gained roughly 10% in March. That gain was quite an outlier at a time that 75% of hedge funds reported losses due to the COVID-19 selloff.
The Medallion Fund
The Journal says that the fund’s outperformance led to a 24% gain after fees during the first 15 weeks of 2020. The fund currently manages about $10 billion of Renaissance Technologies $75 billion in AUM.
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