The Renaissance Technologies Medallion Fund has produced some of the greatest returns in the history of the markets. They have the best returns for consistency, percentage of returns and did this while trading billions in capital. 

They have been so successful that they had to close down this fund to new outside investors. It now only trades current and former employees and partners capital. To keep the fund size stable they now distribute annual gains to prevent further compounded growth. $10 billion seemed to be the liquidity cap for their systems ability to trade without moving their markets, because when trade size becomes too big a fund can become the market. 

From 1988 to 2020 the Renaissance Technologies Medallion Fund has grown from $20 million to over $10 billion of assets under management.

The most current Renaissance Technologies Medallion Fund returns: 1988-2020:

Year/Net Returns after management and performance fees.

1988 +9%

1989 -4%

1990 +55%

1991 +39.4%

1992 +33.6%

1993 +39.1%

1994 +70.7%

1995 +38.3%

1996 +31.5%

1997 +21.2%

1998 +41.7%

1999 +24.5%

2000 +98.5%

2001 +33%

2002 +25.8%

2003 +21.9%

2004 +24.9%

2005 +29.5%

2006 +44.3%

2007 +73.7%

2008 +82.4%

2009 +39%

2010 +29.4%

2011 +37%

2012 +29%

2013 +46.9%

2014 +39.2%

2015 +36%

2016 +35.6%

2017 +45%

2018 +40%

2019 +39%

2020 +76%

 

By Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.