So, something to share, a number of years ago I read an article about an investment fund that constantly beat the market. It is a private fund only offered to employees to the Company. The interesting part is the people who ran the fund had created a system solely on science, numbers and correlations. They only hired "Quants", for the people who do not know what quants are ,they are Phd's of various fields, specifically Mathematicians, Physics and Science. Wall street started using them in the mid 2000's but this fund have been using them for much longer. The company also required the quants to NOT have any financial background. At the time their investing record was very very impressive, they always beat the market with returns and performance in the double digit area. Since 1994-2014 their average return was 71%, wow how do I get in, lol. You can't, you have to work for them, 
. what's more interesting is they since opened two funds to the general public but doesn't even come close to the performance of their flag ship fund, Medallion fund and the Company's name Renaissance Technologies.
My point is Why would anyone want to sell a system that almost doubles your returns every year? It seems Renaissance Technologies isn't willing to give up their secret trading system to anyone. Which I don't blame them.
https://en.wikipedia.org/wiki/Renaissance_Technologies
. what's more interesting is they since opened two funds to the general public but doesn't even come close to the performance of their flag ship fund, Medallion fund and the Company's name Renaissance Technologies. Quote
n 1988, the firm established its most profitable portfolio, the Medallion Fund, which used an improved and expanded form of Leonard Baum's mathematical models, improved by algebraist James Ax, to explore correlations from which they could profit. Simons and Ax started a hedge fund and named it Medallion in honor of the math awards that they had won.
enaissance's flagship Medallion fund, which is run mostly for fund employees,[8] "is famed for one of the best records in investing history, returning more than 35 percent annualized over a 20-year span".[5] From 1994 through mid-2014 it averaged a 71.8% annual return.
enaissance's flagship Medallion fund, which is run mostly for fund employees,[8] "is famed for one of the best records in investing history, returning more than 35 percent annualized over a 20-year span".[5] From 1994 through mid-2014 it averaged a 71.8% annual return.
My point is Why would anyone want to sell a system that almost doubles your returns every year? It seems Renaissance Technologies isn't willing to give up their secret trading system to anyone. Which I don't blame them.
https://en.wikipedia.org/wiki/Renaissance_Technologies