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Acquired / Case file

Renaissance Technologies

Numbers

What the show said, with receipts

Every figure the hosts put on the record for Renaissance Technologies, with its source and the date it was captured. Renaissance Technologies does not file public audited statements, so these are the numbers on record.

2 figures3 sources0 current or recent

Freshness

0

Current (≤6 mo)

0

Recent (≤18 mo)

2

Older

Freshness is measured from each figure’s capture date, not from the episode date. An older figure is not wrong; it is a figure that has had time to move.

Reported figures

Medallion Fund gross annual return (1988-2023)

4 yr

~66%

net ~39% after fees (5% management / 44% performance); the best long-run record of any investment fund in history

[Acquired Renaissance Technologies episode + Gregory Zuckerman 'The Man Who Solved the Market'] · as of 2023

  • David:The Medallion Fund has returned about 66 percent gross per year since 1988. That is over 30 years. Nothing else comes close. The next best long-run fund is maybe 20 percent. Medallion is not in the same category.
    [Acquired Renaissance, ch. The Medallion record]

Medallion Fund AUM

3 yr

~$10B

closed to outside investors; only RenTec employees can invest; deliberately capped to preserve edge

[Acquired Renaissance episode] · as of 2024