Ever come across a bush fund so secretive that Wall surface Street legends sound like amateurs in contrast? That’s Renaissance Technologies– the $ 100 + billion quant fund whose flagship Medallion Fund has delivered over 66 % ordinary annual returns before costs.
They don’t advertise. They don’t chase after customers. And unless you’re a staff member, you’ll never ever invest in their crown gem fund. However behind closed doors, Renaissance has developed one of the most successful trading equipment in history– transforming mathematics, code, and privacy right into billions.
Let’s break down what Renaissance in fact does, how their Medallion Fund ended up being mythical, and what lessons regular traders and business owners can remove from their playbook.
What Renaissance Technologies Truly Does
Renaissance isn’t your average hedge fund. It’s a quantitative trading company that uses:
Math and formulas to find subtle patterns in markets.
Big quantities of processing power to assess decades worth of price, quantity, and even non-financial information.
Sophisticated computer system systems that place trades faster and more specifically than any kind of human.