Before I start, I want to clarify something: I am not accusing RT of being involved in a Ponzi scheme nor did I come up with this conspiracy.
With that said, I did stumble across this theory recently when Gregory Zuckerman published this article on Jim Simons titled, "The Making of the World's Greatest Investor". After finishing his article (would highly recommend reading it), I continued on further into the comment section and that's where I found numerous people literally accusing him of running a Ponzi scheme bigger than Madoff's. Here's the actual comment, "It's the consistency and size of the returns that I just can't wrap my head around. If the returns were real, why don't more smart, PhD mathematicians copy his approach? This quote in the article really set me off too: 'Next year we should get it up to 80%,' Mr. Simons said one day in 1990 about Medallion, which managed about $40 million at the time.' It just sounds way too much like someone deciding what kind of returns they want to show to investors, and then making it all up to get to a desired result." Now as crazy as he may sound, he does make valid points. No other investor comes even close to matching these returns over the past 20+ years. For example, in 07' and 08' his fund returned 137% and 152%, respectively. The quote he chooses from the article is also interesting, I mean how many investors just set a goal of 80% for the upcoming year and ACTUALLY meet it.
I'm sure these theories are rooted in deep jealously and envy. However, I figured WSO would be a good place to offload this. What are your thoughts?