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MBNKP Medallion Bank

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  • 25.147
  • -0.048-0.19%
Close May 17 16:00 ET
0Market Cap0.00P/E (TTM)
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    $Medallion Financial(MFIN.US)$ $Medallion Bank(MBNKP.US)$ $Medallia Inc(MDLA.US)$ The Medallion Fund has been closed to outside investors since 1993. As of now, only the existing and previous employees of the company can invest in the fund. The funds of Renaissance that are open to the public have performed so poorly that the two funds made it the HSBC’s top 20 losers list for 2020.
    While it certainly is a bummer that the average investor cannot invest in the fund, this analysis gave us some key insights into the market. The first and most important being that the stock market is not perfectly efficient and that there are inefficiencies that someone can leverage for more than 3 decades. The second being that not all funds that charge an exorbitant fee structure are taking money away from the investor. In Medallion’s case, they are justifying their eye-watering fee structure with phenomenal returns.
    Finally, this should not be considered as a call to action to find similar funds as not every team with stellar people end up producing market-beating returns.
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