Is there any proof of Renaissance not being just insider trading or a Ponzi scheme?
No inflows, old investors get paid with money from new retail investors and retail investors are left with a hot potato. A Ponzi scheme.
The kind of returns RenTech took, it would have to be a highly elaborate insider trading and why would a bunch of scientists want to waste their time on that ?
The only thing “wonky” about RenTech was Bob Mercer’s personal political views but despite that I would still consider Bob Mercer to be a very intelligent/scientific person.