According to Bloomberg news Renaissance Technologies' Medallion Fund 'averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014'. Is this true? If so, how did they do it? - Quora
![How The Medallion Fund sustained 66% p.a. for 30 years and generated $100 Billion | by the1millionproject | Medium How The Medallion Fund sustained 66% p.a. for 30 years and generated $100 Billion | by the1millionproject | Medium](https://miro.medium.com/max/1280/0*eCE4WpLgY2PcUhWc.png)
How The Medallion Fund sustained 66% p.a. for 30 years and generated $100 Billion | by the1millionproject | Medium
![Trung Phan on Twitter: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x ( Trung Phan on Twitter: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x (](https://pbs.twimg.com/media/E8R7hyWVcAMgNAb.png)
Trung Phan on Twitter: "26/ LEVERAGE Having built a trading machine on great data and execution combined with diversification, banks (Deutsche, Barclays) are happy to lend RenTech money. Medallion typically levers 12.5x (
![Trung Phan ar Twitter: "11/ At the same time, Simons made personnel moves that would define RenTech for decades. He hired a number of scientists and PHDs from IBM's Thomas Watson Research Trung Phan ar Twitter: "11/ At the same time, Simons made personnel moves that would define RenTech for decades. He hired a number of scientists and PHDs from IBM's Thomas Watson Research](https://pbs.twimg.com/media/E8OMA4KUYAAhgrn.png)