The Medallion Fund, what’s their secret sauce or are they just a statistical aberration that’s bound to happen when there are thousands of hedge funds in the game?!
Btw, pretty interesting that they mostly hire people who have no finance background! Too bad because I was going to submit my resume with my stellar 3/3 CFA program record!
I’m pretty sure it’s impossible they are just lucky given the number of trades and length of time. And everyone wants to know their secret. A book about them just came out if you are interested. I didn’t read but heard the author speak several times
What is the probability of such luck occuring to a team of such high calibre mathematicians? Idk! seems like a pretty interesting case
They cap that fund at 20b I think. Apparently passed that point they lose their advantage. Take that buffetttt