Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
18 Mar 2024 Acquired Renaissance Technologies
“I think the third puzzle piece of what makes RenTech so unique and defensible is Medallion’s structure itself, that it is an LP-GP fund with 5% management fee and 44% carry.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Mar 2024
- Publisher
- Acquired
- Episode
- Renaissance Technologies
Transcript context
…We were chatting with someone to prep for this episode, and they told us you can’t ever compete with them, but they’ll pay you enough that you won’t want to. This brings me to what I’ve been teasing that I’m super excited about. I think the third puzzle piece of what makes RenTech so unique and defensible is Medallion’s structure itself, that it is an LP-GP fund with 5% management fee and 44% carry. It’s not like a prop shop or proprietary just one pot of money. It’s literally a GP-LP, even though the GPs and the LPs are the same people.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.