American quantitative hedge fund founded by Jim Simons in 1982 — whose Medallion fund generated 66% average annual gross returns (39% after fees) from 1988 to 2018 — making it the greatest investment track record in history by a large margin.
Proved that quantitative, mathematical approaches to markets can generate returns that fundamentally-driven investing cannot match — by finding and exploiting statistical patterns across asset classes with mathematical rigor — and demonstrated that secrecy is itself a competitive moat (Renaissance has never explained how Medallion works).
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