{"id":8321,"date":"2008-08-08T00:00:00","date_gmt":"2008-08-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"medallion-fund-hits-a-jackpot","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/medallion-fund-hits-a-jackpot.html","title":{"rendered":"Medallion Fund Hits a Jackpot"},"content":{"rendered":"<p>New York Post &#8211; Jim Simons, a man known for running one of the world&#8217;s most secretive, expensive and successful hedge funds, is on track to wow investors with another year of double-digit returns. <\/p>\n<p> Simons&#8217; $8 billion Medallion fund, the oldest of the three Renaissance Technologies funds, was up 48 percent at the end of July, net of fees, according to people familiar with the funds&#8217; returns. <\/p>\n<p> Medallion, which is funded mostly by Renaissance insiders, charges a whopping 49 percent in fees, including a 5 percent management fee and 44 percent incentive fee. <\/p>\n<p> That&#8217;s high even by the standards of an already costly industry &#8211; the industry average is a 2 percent management fee and a 20 percent incentive fee &#8211; but with such eye-popping returns, no one&#8217;s likely to complain. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/08082008\/business\/medallion_fund_hits_a_jackpot_123592.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; Jim Simons, a man known for running one of the world&#8217;s most secretive, expensive and successful hedge funds, is on track to wow investors with another year of double-digit returns. Simons&#8217; $8 billion Medallion fund, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1503,2006,83,1851,2007,358],"class_list":["post-8321","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-capital-appreciation","tag-energy-fund","tag-medallion","tag-msn-moneycentral","tag-software-maker","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8321"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8321\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}