What is a Medallion fund?

The Medallion Funds aim to achieve asset appreciation through speculative investment and trading in various securities and futures instruments.

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.

What happened to Medallion fund?

In 2008 when the SS&P 500 lost over 38%, Medallion Fund almost doubled. It has earned over $100 billion in profits for its investors. The fund is only available to employees and family members of the fund. Due to this long-term success, Jim Simons was described as "the most successful hedge fund manager of all time".