[thedufer]

I don't think its inconceivable, but comparing it to a hedge fund makes it look pretty crazy. First note that they look more like a prop fund, in which typically returns are labor-constrained rather than cash-constrained. Annual returns there aren't really comparable to investing, as they're more performing services (like arbitrage) for the market than putting in money. Second, the fact that being able to invest is a perk of employment means that part of their pay structure is via Medallion returns. Income that other firms would have to subtract from returns because it is spent on payroll still counts for Rentech even though said returns are going to employees.