Renaissance Technologies

6873.188 - 6915.201 David Rosenthal

During Jim's tenure, Medallion's total aggregate IRR from 1988 when the fund was formed to 2009 when he retired was 63.5% gross annual returns and 40.1% net annual returns, which of course did include many periods of lower carry, 20% versus the 44%. During the post-Jim era, the Peter and Bob era, from 2010 to 2022 was when we were able to get the latest data. IRRs are 77.3% gross and 40.3% net.