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Actually the Medallion fund is only about $6 billion I believe. The rest of the money is managed in funds which are open to non-employees (and those ones don't make anything close to 35% annualised returns).



One other wibble: the 35% isn't the average, but rather the smallest annual return.


"average annual return of more than 35 percent"

I don't think they meant every year was greater than 35%, I interpreted it as the overall average is more than 35%.


Do you know which funds are available to non-employees?


The ones I know of are

RIEF (Renaissance Institutional Equities Fund) RIDA (Renaissance Institutional Diversified Alpha) RIFF (Renaissance Institutional Futures Fund)

Of course there's probably still very large minimum investment thresholds.




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