Jim Simons' Medallion Fund is the best hedge fund that we have come across. The firm charges a fixed 5% management fee and takes 44% of the returns generated. After these expenses are deducted Medallion provided an average annual return of 35% to its investors. A couple of months ago, our calculations showed that Medallion's annual alpha is 34%. The success of Medallion fund is why Jim Simons is one the wealthiest people on the planet.
Simons' favorite high dividend stock was LO, which returned more than 17% since the end of March. This has been an amazing pick for Simons this year. Simons had $360 Million in LO at the end of December, and the stock returned 18% during the first quarter as it was revealed that the regulation on Menthol cigarettes weren't as restrictive as feared. Simons' trimmed his position by 38% during the first quarter, yet it was still his third largest position. First Eagle Investment Management and Paulson & Co.
Source: Seeking Alpha
Related Articles:
- Is It Time To Sell Long-Bonds?
- Stocks That Pay Monthly Dividends
- When To Sell A Dividend Stock
- My Top 6 Performing Dividend Stocks Just Might Surprise You
- 10 Stocks With Sustainable Dividend Growth
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.