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Medallion fund article
4 responses

That's a great read, thanks for posting.

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The article holds out promise:

Apart from Simons, who retired in 2009 to focus on philanthropic causes, relatively little has been known about this small group of scientists—whose vast wealth is greater than the gross domestic product of many countries and increasingly influences U.S. politics 1 —until now.

But I can't say that it reveals much. I have to think that more information is out there. Does anyone know, more specifically, what they do? My bet is that they probably do what everyone else does, except better. Or is the mystique warranted?

At their core, such models usually fall into one of two camps, trend-following or mean-reversion.

Not so helpful.

Believe it or not, it seems like they also used machine learning before it was even called machine learning.

You can hear him talk about it in this interview.

To achieve even half of their mystical risk adjusted returns, Quantopian needs to be able to trade other instruments beside equities. Their institutional equities fund is not as magical as the medallion fund.