Your average passively-managed 401k account probably saw anywhere from 20 to 40% returns since February and is most likely flat to modestly positive on the year. People close to retirement are not throwing a parade just yet, but still, things have obviously gotten…umm…less grim.
How have the Masters of the Universe done, though?
The New York Post gave us a bit of a cheat sheet this weekend.
Kaja Whitehouse sums up the attributes of those who have posted the best returns by saying that basically, taking risk when the rest of the world wouldn’t has paid off so far (when has it ever not?).
Everyone has a different strategy, but for the most part the winners are benefiting from their jumps into the deep end when everything — stocks, bonds and emerging markets — went into a frightening free-fall last year.
Poor Jim Simons (figuratively speaking of course, he made like a few kajillions this decade) of Renaissance. He seems to be one of he few major hedgehogs not to have gotten his sh#t together just yet. I suppose the algorithm’s been acting up or the black box is on the fritz. Redemptions won’t be far behind if this continues…that train’s always on time.