‘The fund grew from about $4 million at inception to nearly $2 billion, mostly internally generated. Original investors saw the value of their shares multiply 300-fold.’
'Over 28 years, produced profits of more than $12 billion after all fees, a compound rate of return of more than 21%. Achieved with low volatility and only one small down year.'
‘TCI has produced $22.8 billion of net gains since its 2004 inception, making Hohn the 14th greatest hedge fund manager ever, according to LCH Investments.’
'For partners invested with Peninsular Capital in early 2000, the fund at the end of 2011's first quarter had delivered a total gain of 1,236% [>25%pa compounded].'
‘Renaissance's flagship Medallion fund is famed for one of the best records in investing history, returning more than 35% annualized over a 20-year span.’
'Over a period of years we have tended to earn about 20 percent on capital per year before compensation, and about 3 percent of that has been paid to management as compensation, leaving 17 percent to the stock holders.'