Jim Simons: From NSA Codebreaker To Top Performing Hedge Fund Manager

At one point in time, Renaissance Technologies charged the highest charged the highest hedge fund fees in the world. And for investors, it was probably worth it. Whereas most hedge funds have a 2-20 fee scheme (2% for management and 20% for performance), Renaissance was doing 5-44, meaning a 5% flat fee and 44% of the upside. It was also averaging a staggering 71.8% annual return, before fees, from 1994 to 2014. (Value Walk)