How did the highly secretive quantitative hedge fund Medallion become one of the most profitable in the world? Journalist Katherine Burton uses interviews with past employees and competitors to reveal how Renaissance Technologies achieved outrageous success since founding Medallion Fund. She gives introductions to the fund’s quirky core cadre of scientist-investors and discusses possible challenges Renaissance may face in the future. getAbstract recommends this article to everyone interested in quantitative investing or investment firm biographies.
In this summary, you will learn
- Why Renaissance Technologies’ Medallion Fund has a reputation as the top quantitative hedge fund in the world, and
- What challenges Renaissance will face in the future.
About the Author
Katherine Burton covers hedge funds for Bloomberg News in New York. She is the author of Hedge Hunters and has written for the International Herald Tribune and US News & World Report.