Hedge Funds: Medallian Posts 39% Gain in 2020

April 21, 2020 | Hedge Funds, News
https://dailyalts.com/wp-content/uploads/2020/04/50e2d6424c5ab10ff3d8992cc62c3e761c3dd6f85254794e712672d49745_640.jpg

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.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

May 21, 2020

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/05/screenshot-www.youtube.com-2020.05.22-14_27_32.png
Artificial Intelligence: Marty the Robot Hunts for Spills in Supermarket Aisles
May 26, 2020     Artificial Intelligence, News

Marty the supermarket robot is rather smart. Armed with three high-resolution cameras, computer vision, navigation systems, numerous sensors, and smart AI software, Marty is able to sidestep shoppers and pinpoint…

https://dailyalts.com/wp-content/uploads/2020/05/46090766321_9ae7b253d1_c.jpg
Venture Capital: The U.S. IPO Drought May be About to End
May 26, 2020     News, Venture Capital

As this is being written, the Dow is up nearly 600 points and the S&P 500 is above the psychological 3,000 mark. The markets are up as investors cheer the…

https://dailyalts.com/wp-content/uploads/2020/05/UBS_sign.png
FinTech: Swiss Banking Giant UBS Homes in on Fintech Investing
May 26, 2020     FinTech, News, Venture Capital

Swiss banking giant UBS Group AG (NYSE: UBS) is planning to invest hundreds of millions of dollars in upstart fintechs through a proposed corporate venture capital fund. According to a…

https://dailyalts.com/wp-content/uploads/2020/05/mumbai-886734_640.jpg
Digital Assets: In India, RBI Confirms No Ban on Crypto; CoinDCX Raises $2.5M; Crypto Volumes Fly
May 26, 2020     Digital Assets, News

The Reserve Bank of India, the Indian central bank, confirmed that there currently exists no banking ban on the crypto industry in India. CoinDCX, India’s largest cryptocurrency exchange, gained a…

Scroll to Top