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James Harris Simons (April 25, 1938 – May 10, 2024) was an American hedge fund manager, investor, mathematician, and philanthropist. [4] At the time of his death, Simons' net worth was estimated to be $31.4 billion, making him the 55th-richest person in the world. [ 4 ]
The hedge fund was named Medallion in honor of the math awards that Simons and Ax had won. [ 8 ] [ 9 ] Renaissance's flagship Medallion fund, which is run mostly for fund employees, [ 10 ] is famous for the best track record on Wall Street, returning more than 66 percent annualized before fees and 39 percent after fees over a 30-year span from ...
James Harris Simons is an American billionaire, award-winning mathematician and hedge fund manager who founded Renaissance Technologies in 1982. As […] Quant Genius Billionaire Jim Simons’ Top ...
You can skip our detailed analysis of Simons’ history, investment philosophy, and hedge fund performance, and go directly to the 5 Best Dividend Stocks to Buy Now According to Billionaire Jim ...
The billionaire investor Jim Simons is among the most successful hedge fund managers since he founded Renaissance Technologies Corporation […] 10 Best Gold Stocks To Buy Now According To ...
The hedge fund he created, which eventually became known as Renaissance Technologies, pioneered the use of mathematical modeling — also known as quantitative trading — to pick stocks and other investments. The approach was wildly successful, helping Simons and his wife build over the years an estimated net worth of more than $30 billion.
For a long time, financial signal processing technologies have been used by different hedge funds, such as Jim Simons's Renaissance Technologies. However, hedge funds usually do not reveal their trade secrets. Some early research results in this area are summarized by R.H. Tütüncü and M. Koenig [2] and by T.M. Cover, J.A. Thomas. [3]
Jim Simons, the legendary "Quant King" who founded Renaissance Technologies, died Friday at the age of 86, after forever changing Wall Street with his genius for math and finding patterns in data.