$Medallion Financial (MFIN.US)$ During the entire 31-year pe...

$Medallion Financial (MFIN.US)$ During the entire 31-year period, Medallion never had a negative return despite the dot.com crash and the financial crisis. Despite this remarkable performance, the fund’s market beta and factor loadings were all negative, so that Medallion’s performance cannot be interpreted as a premium for risk bearing.