Wall Street’s Best Kept Money Making Secret

Behind the hedge fund with 39,900,000% total returns even Warren Buffett couldn’t match.

Vic Danh
ILLUMINATION
Published in
5 min readJan 20, 2024

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In 1988, a little known hedge fund named Medallion launched, founded by eccentric mathematician Jim Simons along with his company Renaissance Technologies. Over the next three decades, Simons pioneered a data-driven, algorithmic approach to investing that seemed to uncover hidden patterns in markets and predict the unpredictable. His secretive fund quietly turned an initial $100 investment into almost $400…

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Vic Danh
ILLUMINATION

Senior Research Associate by day and MBA, economically-inclined blogger by night. A life-long learner and observer of technological, health and social trends.