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Lucky Luciano

(11,811 posts)

12. Simple interest. Size of the fund is capped.

Reply to muriel_volestrangler (Reply #11)

Tue May 9, 2017, 09:37 AM

May 2017

Once the fund (which only employees are allowed to invest in) gets to $10B, they have to cash out. Used to be $5B cap on the fund size.

Also the fund charges employees 5% management fees and 44% of profits. I know people who would work at Renaissance without salary as long as they can invest in the medallion fund.

Returns will diminish if the fund is too big due to market impact.

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Mercer Sued by Hedge Fund Worker Fired After Blasting Trump [View all] Lucky Luciano May 2017 OP

Wow, hope he gets $ settlement for wrongful termination. don't think an employer can fire someone.. iluvtennis May 2017 #1

unfortunately, I don't think he has a case. If you call you boss a racist, that probably is still_one May 2017 #2

One thing Magerman does have.... Lucky Luciano May 2017 #9

80% every year for 30 years? That would turn 1 dollar into 45 million muriel_volestrangler May 2017 #11

Simple interest. Size of the fund is capped. Lucky Luciano May 2017 #12

If it's simple interest, then it's not a meaningful return per year now muriel_volestrangler May 2017 #13

Well...not exactly simple interest... Lucky Luciano May 2017 #14

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Sleazebuckets. nt Lucky Luciano May 2017 #7

You really need to read this article from the Guardian. dawn frenzy adams May 2017 #8

Yup...been watching this stuff. Lucky Luciano May 2017 #10