Renaissance Technologies

6248.641 - 6270.79 Ben Gilbert

If they were sure that they could manage 10, 15, 20, 25 billion in Medallion all the time, then they would grow to that. But if just sometimes there's these strategies that appear, well, we don't want to commit to a much higher fund size and then not always have those strategies available. The other thing is that a lot of the times those strategies aren't really what Medallion is set up to do.