fareastwarriors Posted June 16, 2015 Share Posted June 16, 2015 http://www.bloomberg.com/news/articles/2015-06-16/how-an-exclusive-hedge-fund-turbocharged-retirement-plan Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2015 Share Posted June 16, 2015 must be nice..."on the future earnings of a fund that averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014" that is insane. Link to comment Share on other sites More sharing options...
Jurgis Posted June 16, 2015 Share Posted June 16, 2015 Pretty cute, but legal. And there is some risk clearly: if Medallion crashes, employees could lose that money. "Past returns are no guarantee of future results" and all that. ;) Link to comment Share on other sites More sharing options...
frommi Posted June 16, 2015 Share Posted June 16, 2015 must be nice..."on the future earnings of a fund that averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014" that is insane. Between January 1993 and April 2005, RenTech’s flagship Medallion fund had only 17 losses out of 148 months. The yearly Sharpe Ratio has been recorded at 1.68 and the Medallion Fund had never a down year in its history. Link to comment Share on other sites More sharing options...
ourkid8 Posted June 16, 2015 Share Posted June 16, 2015 Absolutely insane returns... must be nice..."on the future earnings of a fund that averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014" that is insane. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 16, 2015 Author Share Posted June 16, 2015 Pretty cute, but legal. And there is some risk clearly: if Medallion crashes, employees could lose that money. "Past returns are no guarantee of future results" and all that. ;) I know I might sound socialist here but maybe we should cap how big Roth IRAs can grow to? 10m? 50m? 100m? Link to comment Share on other sites More sharing options...
jawn619 Posted June 16, 2015 Share Posted June 16, 2015 an interview of with Simons. Link to comment Share on other sites More sharing options...
Jurgis Posted June 16, 2015 Share Posted June 16, 2015 Pretty cute, but legal. And there is some risk clearly: if Medallion crashes, employees could lose that money. "Past returns are no guarantee of future results" and all that. ;) I know I might sound socialist here but maybe we should cap how big Roth IRAs can grow to? 10m? 50m? 100m? It's quite possible this will be done in the future. Edit: this might be a reason to keep a mix of Roth and traditional IRAs and not convert everything into Roth even if it looks best right now. Disclosure: most of my money is in a mix of Roth and traditional IRAs. I might be impacted if Roth gets taxed in the future. Link to comment Share on other sites More sharing options...
Patmo Posted June 17, 2015 Share Posted June 17, 2015 Did you see the fees they charge? Dang! Link to comment Share on other sites More sharing options...
AzCactus Posted June 17, 2015 Share Posted June 17, 2015 How much do they charge? Link to comment Share on other sites More sharing options...
gfp Posted June 17, 2015 Share Posted June 17, 2015 patmo, I get that you don't like hearing quotes from Warren Buffett, but you surely must know how to spell his name by now. Did you see the fees they charge? Dang! Link to comment Share on other sites More sharing options...
Patmo Posted June 19, 2015 Share Posted June 19, 2015 How much do they charge? 5/44 from the wikipedia page, but the source link doesn't work so take that with a grain of salt Link to comment Share on other sites More sharing options...
jawn619 Posted June 19, 2015 Share Posted June 19, 2015 How much do they charge? 5/44 from the wikipedia page, but the source link doesn't work so take that with a grain of salt http://www.jamspreader.com/wp-content/uploads/2013/03/ShutUpAndTakeMyMoney.jpg Link to comment Share on other sites More sharing options...
Patmo Posted June 19, 2015 Share Posted June 19, 2015 patmo, I get that you don't like hearing quotes from Warren Buffett, but you surely must know how to spell his name by now. Did you see the fees they charge? Dang! What do you mean? Bufet only takes one F? Link to comment Share on other sites More sharing options...
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