Will AI eat the fund manager's job in India? AccuraCap shows it will
Hedge fund Renaissance Technologies is looked upon by Wall Street with awe and envy in equal measure. Particularly, Medallion Fund, an employees only fund it runs. Bloomberg last year wrote the fund has returned more than $55 billion, making it more profitable than funds run by feted veterans such as George Soros. The Renaissance flagship fund, which will turn 30 next year, has returned more than 25% profits in most of its years of investing. Money doubles in a little more than three years at that rate.
Mar-28-2017, 12:50:41 GMT
- AI-Alerts:
- 2017 > 2017-04 > AAAI AI-Alert for Apr 4, 2017 (1.00)
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