R.I.P. Simons

[ooid]

Sad to see this today, true legend.

https://www.ft.com/content/62b41e7f-085d-44ea-b02a...

[DaveA8]

There’s always someone who will tell you that his results were not so good recently but a net worth (largely in cash or cash equivalents) of $31B sort of destroy that theory
He must have been an absolute mathematical genius and very generous to his charities so hopefully he’s gone to quant fund heaven

[The Gauge]

DaveA8 said:

a net worth (largely in cash or cash equivalents) of $31B

Yet still 'only' the 51st richest person in the world. Staggering isn't it.

[bad company]

The Gauge said:

DaveA8 said:

a net worth (largely in cash or cash equivalents) of $31B

Yet still 'only' the 51st richest person in the world. Staggering isn't it.

Mid table on PH Ometer I’d say. Don’t we all have a pot of a few $billion?

[FreeLitres]

Are people sub $60 bn even allowed to join PH?

[DaveA8]

FreeLitres said:

Are people sub $60 bn even allowed to join PH?

Exemption down to $50B if you are a powerfully built lady magnet

[bitchstewie]

Just to put it in perspective.

[Simpo Two]

First time I've seen a performance fee. 44%!

[GliderRider]

Did he have a DeLorean with a flux capacitor?

[Mr Pointy]

That makes SJP seem almost reasonable...

Except of course the performance was almost worth the fees.

[ooid]

bhstewie said:

Just to put it in perspective.

To be as 'anal' as Simons, their net return is actually 37.84% (Geometric Mean)

[NowWatchThisDrive]

ooid said:

bhstewie said:

Just to put it in perspective.

To be as 'anal' as Simons, their net return is actually 37.84% (Geometric Mean)

Although with Medallion being capped due to capacity constraints, the profits are returned annually rather than compounding, so geometric mean isn't really a valid measure of performance. In that sense it's more like an exceptionally good operating business than a fund.

Still an absolute legend who lived an enormously accomplished life though (for anyone interested, "The Man Who Solved the Market" is well worth a read). Decent innings for a lifelong chainsmoker as well.