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"The Renaissance Technologies Medallion Fund has produced some of the greatest returns in the history of the markets. "

No one denies that individual funds can beat the market. That is the nature of the beast of averages though :)

I was curious about how much money Renaissance manages: it’s about two orders of magnitude less than Blackrock.

I was curious, so I looked up the figures:

RTC manages $165 billion Blackrock manages nearly $7 trillion