James Simons (Mathematician, Philanthropist) Wiki, Age, Biography, Wife, Family, Lifestyle, Hobbies, & More…

Short Bio

James Harris Simons was an American hedge fund manager, mathematician, and philanthropist. 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, James Simons was described as the “greatest investor on Wall Street”, and more specifically “the most successful hedge fund manager of all time”. Simons died in New York City on May 10, 2024, at the age of 86.

Wiki/Overview

Early Life

James Harris Simons was born on April 25, 1938, to an American Jewish family, the only child of Marcia and Matthew Simons, and raised in Brookline, Massachusetts.

Education

He received a bachelor’s degree in mathematics from MIT in 1958 and a PhD in mathematics from Berkeley under the supervision of Bertram Kostant in 1961 at the age of 23.

Career

Simons began his career as a mathematician, teaching at Harvard University and the Massachusetts Institute of Technology (MIT). In 1978, he founded Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. Renaissance Technologies employs mathematical models for trading in markets worldwide. The firm’s main fund, Medallion, has earned over $100 billion in trading profits since its inception in 1988. Simons died in New York City on May 10, 2024, at the age of 86. He was active in the work of his foundation until the end of his life. Simons is survived by his wife, three children, five grandchildren and a great-grandchild.

Family & Affairs

Simons first married Barbara Bluestein but it didn’t last long. Simons married second time, Marilyn Hawrys Simons in 1961. They have three children together: Nathaniel, Laura, and Nicholas. Nathaniel is a mathematician and physicist, Laura is a physician, and Nicholas is a computer scientist.

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Money Factor

Achievement

Simons is known for his contributions to mathematics, particularly his work on the Chern–Simons form and string theory. He is also recognized for his success in quantitative investing, using mathematical models and algorithms to make investment gains from market inefficiencies. Simons is often referred to as the “greatest investor on Wall Street” and “the most successful hedge fund manager of all time.” Some of his notable awards include the AMS Oswald Veblen Prize in Geometry (1976), induction into the Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame (2008), and being named “the world’s smartest billionaire” by the Financial Times (2006).

Trivia & Facts

• At the time of his death he was 51^st Richest man in the world.
• Simons was an avid bridge player and has competed in several bridge tournaments.
• He was also a collector of rare books and manuscripts, with a particular interest in the history of mathematics

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