Who is James Simons?
Jim Simons founded the hedge fund management company Renaissance Technologies in 1982. He was born in 1938. He is married to Marilyn. They have 5 children.
Simons is the co-founder of the Chern Simons Theory. It is a 3-dimensional topological quantum field theory. It describes the topological order in fractional quantum Hall effect states.
Huh? ;-). If you are really interested there is a link later on this page.
He taught mathematics at the Massachusetts Institute of Technology and Harvard University. He was a member of the Institute for Advanced Study.
Simons is a contributor to the Democratic Party. He has donated more than US$ 30 million to federal campaigns.
How Much Money Does He Manage?
Renaissance Technologies has over $80 billion of assets under management. The investment firm’s three Renaissance Technologies computer-driven hedge funds realize double-digit growth every year.
It’s most successful fund is the Medallion Fund. Which manages US$ 5 billion. And has an average of 35% in annual returns. Renaissance Technologies employs complex mathematical models to analyze and execute trades.
Jim Simons is a very active philanthropist. He founded the Simons Foundation. The foundation is a charitable organization. Which supports projects related to education and health. In addition to scientific research.
Simons also founded Math for America. It is a non-profit organization with the mission to significantly improve math education in public schools.
Jim and Marilyn Simons donated US$ 200 million to the Stony Brook University of New York. It is among the top ten gifts to public higher education in the USA. Simons chaired the mathematics department at the State University of New York at Stony Brook.
James Simons Net Worth
Algorithms made him a Wall Street billionaire. His net worth is estimated at $29 billion. In 2017 alone he earned US$ 1.7 billion.
He is the top earner on the Institutional Investor’s annual Rich List.
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