I don't think so, I think it's their poverty product fund for the plebs. Medallion was still crushing it in April. https://www.wsj.com/articles/renais...-year-to-datein-tumultuous-market-11587152401
I have figured out their secret The private medallion fund front runs this public fund when needed to avoid large drawdowns Thats how they smooth the equity curve on the medallion and get such a high sharpe.
Reminds me Hillray The Cattle Trader: losing trades went into one account and the winning positions and trades were going to the winner!
I know it's a joke but Medallion's been around for a long time...they leveraged their success to offer the public an option the public seem to want.
Interesting question. I wonder if these offshore Hedge funds have to have strict 'firewalls' between internal fund trades. And who checks? The regulators couldnt even be bothered to check if Madoffs trades were even real. Are they ever going check a bit a front running internal to a fund that might just happen every now and then (say a few times a year to help reduce the bigger drawdowns)