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Medallion Fund Net Returns by Year 1988-2022 Quartr X ACQUIRED 34-year CAGR 100% *39.9% 90% *It's worth noting that this CAGR is theoretical as the fund currently is capped at ~$15 billion. Excess returns are being returned to 80% investors each year. 70% 60% 50% 40% 30% 20% 10% 1988 2022 Dot-com bubble Financial crisis