JIM SIMONS

BIRTH AND DEATH

Birth: 4/25/1938     Death: 5/10/2024

OCCUPATION

scientist

BIOGRAPHY SUMMARY

James Harris Simons was an American hedge fund manager, investor, mathematician, and philanthropist. At the time of his death, Simons's net worth was estimated to be $31.4 billion, making him the 55th-richest person in the world. He was the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are known to be quantitative investors, using mathematical models and algorithms to make investment gains from market inefficiencies. Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons was called the greatest investor on Wall Street and more specifically the most successful hedge fund manager of all time.

NOTABLE WORK

WHY THEY MATTER

Jim Simons was intellectually unique and groundbreaking due to his pioneering use of mathematical models and algorithms in quantitative investing. His approach at Renaissance Technologies, particularly through the Medallion Fund, led to significant investment gains from market inefficiencies. Simons's innovative methods and exceptional track record earned him the reputation as one of the most successful hedge fund managers in history.

FAMOUS QUOTE

WIKIPEDIA PAGE

Wikipedia Page