[Sobieski at Kahlenberg Mtn.]

Renaissance Hit With $5 Billion In Redemptions After “Terrible” Returns

https://www.zerohedge.com/markets/renaissance-hit-5-billion-redemptions-after-terrible-returns

..Well, the returns may have been “terrible” for anyone who foolishly assumed that Simons & Co. would put the same care in managing outside money as they allocate to their own funds. Because while most outside investors have lost over a third of their investment in the past year, RenTec’s internal Medallion fund is up nearly 80% in the same period. How much longer will this divergence continue, we wonder, before someone asks the obvious question: why?

[Sobieski at Kahlenberg Mtn.]

QOTD:

Joel Pollak
@joelpollak

For the second year in a row, and the second impeachment trial in a row, Democrats have declined the opportunity to show Americans what constitutional principles of due process really mean in practice, and have created a show trial that undermines public faith in justice overall.