Jim Simons and Renaissance Technologies, The "Most Successful Hedge Fund in the World"

Jim Simons and his flagship Medallion Fund have been called the “world’s greatest money-making machine”.

Medallion has generated average annual returns of 66%, clocking in trading gains of more than $100bn. It has averaged a 27.3% annual gain every single year since 2000.

The fund’s successes have trumped even the portfolios of investing goliaths like Warren Buffett, George Soros, Ray Dalio, Peter Lynch and Steve Cohen.

In fact, if you invested $1,000 into Medallion in 1988, you’d have over $23m (after fees) in 2018.

Here's how they do it - and why their star has dulled of late:

https://transfin.in/jim-simons-and-renaissance-technologies-the-most-successful-hedge-fund-in-the-world