Renaissance keeps making billionaires

[Macca1]

I am a daytrader, so completely different from what Renaissance is doing. My maximum drawdown is around 16-17% with an average recovery time of less then 24 hours. My return is four digits a year ( yes more than 10 times starting capital, or 1000%). So my risk adjusted basis is completely different.

What makes you think Renaissance aren't deploying intraday strategies?

 

[recession2016]

What makes you think Renaissance aren't deploying intraday strategies?

What makes you think their 30% annualized return is realistic? Last I checked hedge funds couldn't get their heads out of their ass and along comes a fund that more than doubled madoffs returns and no one bats an eye

 

[Xela]

Last I checked hedge funds couldn't get their heads out of their ass and along comes a fund that more than doubled madoffs returns and no one bats an eye

I don't doubt it, but that's perhaps partly because when one "checks", one tends primarily (or even exclusively) to check the big, well-known, widely reported ones. The reality is that there are - and always have been - some far smaller ones fairly steadily making that kind of return. My point is simply that the size of the figure isn't, in itself, a reason to question their annualized return.

 

[murray t turtle]

Medallion was charging 4/40 and they still kicked out the non in house investors...

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Strange pattern DM;
bloomberg noted they average over 40%, all these year [after fee$]LOL [Maverick's link] Bloomberg noted they can predict also; you believe that baloney?? LOL i believe all of it it ;except they cant predict, Bloomberg business gets confused on business + betting 2; but tends to be very accurate on anti-socialist news +business news

 

[dealmaker]

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Strange pattern DM;
bloomberg noted they average over 40%, all these year [after fee$]LOL [Maverick's link] Bloomberg noted they can predict also; you believe that baloney?? LOL i believe all of it it ;except they cant predict, Bloomberg business gets confused on business + betting 2; but tends to be very accurate on anti-socialist news +business news

I don't know if they can predict but I have listened to a few James Simons interviews and I know they are not sitting still. Algos are fine-tuned regularly, what ever that interval is.

 

[dealmaker]

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Strange pattern DM;
bloomberg noted they average over 40%, all these year [after fee$]LOL [Maverick's link] Bloomberg noted they can predict also; you believe that baloney?? LOL i believe all of it it ;except they cant predict, Bloomberg business gets confused on business + betting 2; but tends to be very accurate on anti-socialist news +business news

"More people think they understand the past, more they think they can predict the future"
- Nassim Nicholas Taleb

 

[sle]

"More people think they understand the past, more they think they can predict the future"
- Nassim Nicholas Taleb

Quoting Taleb in a thread about people that actually have alpha is rich

 

[dealmaker]

Quoting Taleb in a thread about people that actually have alpha is rich

I am quoting Taleb because of what Bloomberg said "Bloomberg noted they can predict" IE Bloomberg is predicting Renaissance can predict...

 

[Macca1]

What makes you think their 30% annualized return is realistic? Last I checked hedge funds couldn't get their heads out of their ass and along comes a fund that more than doubled madoffs returns and no one bats an eye

Who are you again? If you want to talk conspiracy theories, start another thread.

 

[sss12]

Quoting Taleb in a thread about people that actually have alpha is rich

@sle the one take away I did get from Taleb (and it may not be unique to him) is prob used by Renaissance in some manner. That is if the trade is not working, it dosen't matter why it is not working, just that it is and get out.