HACKER Q&A
📣 tony1998

Medallion Fund. Is all true? Doubts


Recently I spent many days understanding the Medallion Fund (Renaissance Technologies by J. Simons) but I don't understand how it is possible to beat the market for over 30 years with a performance x3 or x4 times the market. Mathematics. Smart people. Artificial intelligence. Algorithms. Nobody can invest in it. Mystery. Almost magic. All very vague.

But it all sounds very cool.

The question is: how?

It's not a conspiracy, sincere and respectful question.

Could it be fake? A Ponzi?

I want to read your opinion.

  👤 uejfiweun Accepted Answer ✓
Some say that RenTech is far more technologically ahead than people realize. I've heard some pretty crazy rumors. Stuff like they've already achieved AGI, they have shell companies employing EEs that have designed better chips than what is publicly available, they've had quantum computers for years, etc. On the flipside, sometimes you hear stuff like they're just a front for foreign cash, it's a sophisticated money laundering operation, etc.

Of course, I don't work there, I don't know anyone who works there, and AFAIK I don't know anyone who knows anyone who works there. They are one of the great mysterious organizations of our modern world. Almost like a secret society of sorts. I'd love to know more.