How much money was invested in the Medallion Fund in 1998?

Figures are based on net returns, which factor in fund and performance fees: As the above table shows, the value of $100 invested in the Medallion Fund in 1998 would have grown to over $2.1 million by 2018 net of fees. It’s worth noting these fees were significant. They included a 5% fixed fee and a 44% performance fee after 2002.

How much money does the Medallion Fund make?

Presumably, it has made over 100 billion dollars for its owners from 1988 until 2018. Using quantified trading strategies, the Medallion Fund returned on average 66.1% gross before fees from 1988 until 2018. Because it’s such a profitable fund, it charges enormous fees on the unit owners: the net returns are “only” 39%.

How exceptional were the Medallion fund's returns over time?

Now that we have covered the history of the Medallion Fund, let’s look at just how exceptional the Medallion Fund’s returns have been over time. What Were the Medallion Fund’s Returns? Renaissance’s flagship Medallion Fund generated 62% annualized returns (before fees) and 37% annualized returns (net of fees) from 1988-2021.