Renaissance hedge fund down 20% this year
- Thread starter dealmaker
- Start date
To be clear - this is not the Medallion fund. Right?
I don't think so, I think it's their poverty product fund for the plebs. Medallion was still crushing it in April.
https://www.wsj.com/articles/renais...-year-to-datein-tumultuous-market-11587152401
I have figured out their secret
The private medallion fund front runs this public fund when needed to avoid large drawdowns
Thats how they smooth the equity curve on the medallion and get such a high sharpe.
I know it's a joke but Medallion's been around for a long time...they leveraged their success to offer the public an option the public seem to want.
I guess it is not illegal to front run yourself?I have figured out their secret
The private medallion fund front runs this public fund when needed to avoid large drawdowns
Thats how they smooth the equity curve on the medallion and get such a high sharpe.
Interesting question. I wonder if these offshore Hedge funds have to have strict 'firewalls' between internal fund trades.
And who checks?
The regulators couldnt even be bothered to check if Madoffs trades were even real.
Are they ever going check a bit a front running internal to a fund that might just happen every now and then (say a few times a year to help reduce the bigger drawdowns)
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