Best Hedge Funds: Jim Simons' Medallion Fund

By Insider Monkey: Jim Simons' Medallion Fund is the best hedge fund that we have come across. The fund's returns are so spectacular that Jim Simons became one of the richest people on the planet. Medallion Fund employs high frequency trading and exploits inefficiencies in the stock market. One strategy they use takes advantage of the inefficiencies in the execution of large transactions. One of their algorithms determines whether a very large order is executed and front runs it.

By Insider Monkey: Jim Simons' Medallion Fund is the best hedge fund we have come across. The fund's returns are so spectacular that Jim Simons became one of the richest people on the planet. Medallion Fund employs high-frequency trading and exploits inefficiencies in the stock market. One strategy they use takes advantage of the inefficiencies in the execution of large transactions.

By Insider Monkey: Jim Simons is one of the richest people in the world. He owns between 25 to 50 percent of Renaissance Technologies, which manages over $25 billion of assets in several funds. Simons is also the largest investor in the Medallion Fund, the best hedge fund that we track. The spectacular returns of this fund made Simons a billionaire.

By Insider Monkey: Jim Simons’ Medallion Fund is the best hedge fund we have come across. Since 1990, Medallion Fund has not incurred negative returns. During the financial crisis of 2007/2008, Jim Simons realized incomparably high returns. In 2007, his fund returned 73% and in 2008 he again successfully beat the market with 80% returns.

By Insider Monkey: Jim Simons founded Renaissance Technologies in 1982. The fund’s returns are so spectacular that Simons became one of the richest people in the world. The hedge fund employs high frequency trading and exploits inefficiencies in the stock market. Simons has a B.S. in Mathematics from MIT and a Doctor of Philosophy in Mathematics from U.C. Berkeley.

By Insider Monkey: Jim Simons founded Renaissance Technologies in 1982. The fund’s returns are so spectacular that Simons became one of the richest people in the world. The hedge fund employs high frequency trading and exploits inefficiencies in the stock market. Simons has a B.S. in Mathematics from MIT and a Ph.D. in Mathematics from UC Berkeley.

By Insider Monkey: Jim Cramer is an American television personality, a former hedge fund manager, and a best-selling author. He is the host of CNBC's Mad Money and a co-founder and chairman of TheStreet.com, Inc. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show are a starting point for many investments made by these folks.

Insider Monkey submits: Jim Simons’ Medallion Fund is the best hedge fund that Insider Monkey has come across. The firm charges a fixed 5% management fee and takes 44% of the returns generated. After these expenses are deducted Medallion provided an average annual return of 35% to its investors.