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Medallion Glitters

James Simons’ Medallion Fund surged 80 percent last year.

James Simons’ 2008 performance defies belief. In a year when most hedge funds lost money and scores closed, his renowned (and secretive) Medallion Fund surged 80 percent, its second-best annual performance. And that’s after Simons took his 5 percent management fee and 44 performance fee. As usual, Simons, 70, won’t

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