Renaissance Technologies’ Medallion fund rises 41% in 2009, RIEF falls

RIEF suffers its third consecutive annual loss.

Once again, Renaissance Technologies’ $9 billion Medallion International fund—for partners, employees and friends only—gave another staggering performance, while the funds it runs for investors are sucking wind. Medallion gained 41%-net of the hefty 5% management fee and 44% performance fee the firm charges—in 2009, which was something of an off year by Medallion’s lofty standards.

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