Jim Simons was a renowned mathematician and investor who recently passed away, find out more about him and his cause of death below along with his IQ
Aside from being a mathematician, Simons was a prominent hedge fund manager and left behind a legacy of innovative trading strategies.
Hedge fund manager Jim Simons cause of death reason, bio, age, family, wife, education, IQ and net worth
Jim Simons just passed away
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— Compounding Quality (@QCompounding) May 10, 2024
Jim Simons led a very unconventional path to financial achievement and served in various careers and fields.
Cause of death
As of now, The Simons Foundation have not given any official cause of death.
Jim Simons bio
Jim Simons was a respected mathematician and hedge fund investor who was born on April 25, 1938, in Brookline, Massachusetts. Simons earned the nickname “Quant King” for his pioneering use of quantitative analysis in investing. Jim passed away on May 10, 2024, from undisclosed causes. Jim Simons founded Renaissance Technologies, and he served as its CEO and chairman from 1982 to 2010.
Simons has achieved remarkable strides in mathematics, finance, and philanthropy throughout the years, earning him widespread recognition. He is widely regarded as a pioneer in the field of quantitative investing as well as a highly influential figure in both academia and finance. While he was said to have an IQ greater than 150, the exact figure wasn’t known.
Age
Jim Simons was 86 years old at the time of his death.
Education
Jim Simmons obtained his bachelor’s degree in math from the Massachusetts Institute of Technology in 1958. He later got his Ph.D. in math from the University of California, Berkeley, in 1961.
Profession and career
After completing his education, Jim Simons has delved into various fields of interest and careers. He even served as a codebreaker for the National Security Agency (NSA) during the Vietnam War. He was also a part of the research team at the Institute for Defense Analyses up until 1968. Jim later shifted to academics and worked as a professor at MIT and Harvard University.
He then became the chairman of the math department at Stony Brook University. Jim yet again shifted careers and started a hedge fund called Monemetrics in 1978. While working in the field of finance and trading, he achieved a breakthrough as he figured out that spotting patterns could help in trading on financial markets. As a result, he made a system using math and statistics and hired math experts, statisticians, and physicists to build Renaissance Technologies and its main Medallion Fund in 1982.
Jim Simons, aka “Quant King,” set up an investing system that was based on number-crunching and computers. At present, Renaissance Technologies was handling funds worth £55 billion by 2022. Meanwhile, The Medallion Fund, which uses a secret strategy that only Renaissance’s staff can access, was worth over £10 billion. Jim Simons served as the company’s CEO and chairman up until his retirement in 2010.
Philanthropic works
Back in 1994, Jim Simons and his wife co-founded a philanthropic organisation called the Simons Foundation, which received generous donations worth over $2.7 billion. The foundation focused on supporting various initiatives in education, health, and autism research. In 2004, Simons also founded Math for America, which was a program designed to incentivize math and science teachers. The main aim of the program was to help the teachers stay in their profession while enhancing their teaching skills.
Jim Simons wife and children
Jim first married Barbara Bluestein in 1959 before eventually parting ways in 1974. He then married Marilyn Hawrys, with whom he co-founded the Simons Foundation. He has five children: Nat Simons, Liz Simons, Nicholas Simons, Paul Simons, and Audrey Simons.
Jim Simons net worth
In 2022, Jim Simons ranked 48th on the Forbes list of American billionaires with a net worth of $29 billion. During the time of his death, he had an estimated net worth of around $31 billion.