Jim Simons Bio | Wiki
Jim Simons (Full Name: James Harris Simons) is a popular American mathematician, billionaire hedge fund manager, and philanthropist who is the founder of Renaissance Technologies. Because of the long-term aggregate investment returns of Renaissance and its Medallion Fund, Jim is described as the “greatest investor on Wall Street,” and in specific “the most fortunate hedge fund manager of all time.” According to Bloomberg Billionaires Index, Jim’s net worth is estimated to be $25.2 billion, making him the 66th-richest person in the globe.
Jim ran Renaissance until his retirement in late 2009. He proceeds playing a role at the firm as non-executive chairman, which he left in 2021, and remains invested in its funds, specifically the Medallion fund. He is recognized for his studies on pattern recognition. Jim advanced the Chern–Simons form (with Shiing-Shen Chern) and donated to the development of string theory by providing a theoretical framework to incorporate geometry and topology with quantum field theory. In 1994, Jim created the Simons Foundation alongside his wife to help research mathematics and fundamental sciences.
Jim is one of the biggest contributors to the University of California, Berkeley, founding the Simons Institute for the Theory of Computing in 2012, and to Berkeley’s Simons Laufer Mathematical Sciences Institute, where he has worked as a trustee since 1999. In 2016, asteroid 6618 Jimsimons, determined by Clyde Tombaugh in 1936, was named after Jim by the International Astronomical Union in honor of his benefaction to mathematics and philanthropy.
Jim Simons Age
Jim was born on April 25, 1938, in Newton, Massachusetts, in the United States. He is 85 years old. Jim celebrates his birthday on April 25, every year.
Jim Simons Height
He is a man of above-average stature. Jim stands at a height of 5 ft 10 in ( Approx. 1.75m ).
Jim Simons Family
He was born in Newton, Massachusetts, to an American Jewish family and the only child of Marcia (née Kantor) and Matthew Simons. Jim holds an American nationality. He was raised in Brookline, Massachusetts.
Jim Simons Wife
Jim is married to his wife Marilyn Hawrys. The two co-founded the Simons Foundation in 1994. Previously, Jim was married to American computer scientist Barbara Simons from 1959 to 1974. Jim has five children named Nat Simons, Audrey Simons, Nicholas Simons, Paul Simons, and Liz Simons.
Jim Simons Son
He has three sons named Nicholas, Nat (Nathaniel), and Paul. His son Nathaniel is a billionaire hedge fund manager and philanthropist who is the founder of Meritage Group.
In remembrance of his son Paul, whom he had with his first wife, Barbara Simons, Jim authorized Avalon Park, a 130-acre (0.53 km2) nature preserve in Stony Brook. In 1996, 34-year-old Paul was murdered by a car driver while riding a bicycle near the Simons home. Jim’s other son, Nick Simons, drowned in 2003 at age 24 while on a trip to Bali in Indonesia. Nick had served in Nepal.
Jim Simons Education
In 1958, Jim earned a bachelor’s degree in mathematics from the Massachusetts Institute of Technology in 1958. Later on, Jim earned a PhD in mathematics from the Campus of California, Berkeley under the supervision of Bertram Kostant in 1961 at the age of 23. Following graduating from MIT, he traveled from Boston to Bogotá, Colombia on a motor scooter.
Jim Simons Book | Amazon
On November 5, 2019, Gregory Zuckerman published a book about Jim and his investing ways titled The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution. This book is a portrait of a modern-day Midas who fixed markets in his own image but declined to predict how his success would impact his firm and his nation. It’s also a story of what Jim’s revolution means for the rest of us.
Jim Simons Portfolio | Portfolio 2022
His Renaissance Technologies LLC has revealed 3924 total holdings in their latest 13F filing with the SEC for the portfolio date of 2023-03-31. The present portfolio value is calculated to be $75.35 Bil and the turnover rate is 23%. In Jim’s current portfolio as of 2023-03-31, the best 5 holdings are Novo Nordisk A/S (NVO), Amazon.com Inc (AMZN), Gilead Sciences Inc (GILD), Tesla Inc (TSLA), Airbnb Inc (ABNB), not including call and put options. He did not buy any new stocks in the current portfolio.
Jim Simons Iq
He has about 250 IQ points. Jim may seem like a normal(ish) person, but he ain’t.
Jim Simons Hedge Fund | Renaissance Technologies
In 1982, he founded Renaissance Technologies, a private hedge fund in New York. Jim is still at the helm as CEO of what is now one of the world’s most successful hedge funds. He created Renaissance Technologies after a decade as the Chair of the Department of Mathematics at Stony Brook University. Jim in 1976 became a winner of the Oswald Veblen Prize of the American Mathematical Society, which is geometry’s highest honor.
He is recognized in the scientific community due to co-developing the Chern–Simons theory, which is used in modern theoretical physics. Jim ran Renaissance until his retirement in late 2009. He proceeds to play a role at the firm as non-executive chairman, which he left in 2021 and remains invested in its funds, specifically the Medallion fund. Renaissance Technologies is now run by Peter Brown (following Robert Mercer resignation). The two were computer scientists focusing in computational linguistics who joined Renaissance in 1993 from IBM Research.
Jim Simons House
Jim resides in his house in East Setauket, New York (NY). He bought the Setauket estate for $8.25M from a retired Renaissance principal. Henry Laufer a retired Renaissance Technologies executive and his wife Marsha marketed their 5-bedroom, 6.5-bath waterfront estate on 9.86 acres at 178 Old Field Road to Jim.
Jim Simons Fund
Because of the long-term aggregate investment returns of Renaissance and its Medallion Fund, Jim is described as the “greatest investor on Wall Street,” and in specific “the most fortunate hedge fund manager of all time.” In essence, the Medallion Fund makes income in much the same way as a casino.
Jim Simons Strategy | Trading Strategy | Trading Strategy Pdf
In a wide range of markets, his trading strategies involve analyzing enormous amounts of data to find statistical patterns as well as non-random events. He and his investing methods are documented in Gregory Zuckerman’s book, The Man Who Solved the Market: How Jim Launched the Quant Revolution.
Jim Simons Young
He was born in Newton, Massachusetts, to an American Jewish family and the only child of Marcia (née Kantor) and Matthew Simons.
Jim Simons Foundation | Family Office
In 1994 heand his wife, Marilyn Hawrys Simons, co-created the Simons Foundation a charitable organization that helps projects connected to education and health, plus scientific research. His foundation authorized the Simons Foundation Autism Research Initiative (SFARI) in 2003 as a scientific initiative within the Simons Foundation’s suite of programs. SFARI’s goal is to improve the understanding, diagnosis, and treatment of autism spectrum issues.
In 2004, Jim created Math for America with an initial promise of $25 million from the Simons Foundation, a pledge afterward doubled in 2006. His foundation continues to fund its operations, contributing around $22 million in 2018.
Jim Simons Investor
He is the founder of an esteemed quantitative trading hedge fund firm Renaissance Technologies which manages about $50 billion. Jim created Renaissance Technologies in 1982 and retired in 2010, but he still works at Renaissance and benefits from its funds. His firm is famous for its Medallion Fund, a $10 billion black-box strategy that is only open to Renaissance’s owners and workers.
Jim Simons Algorithm
He and his fund are recognized to be quantitative investors, using mathematical models and algorithms to acquire investment gains from market inefficiencies.
Jim Simons Investment Strategy
His investment strategy is based on classifying and finding patterns in the market, i.e. movements that rerun over time, so that they become predictable. Once they are classified, their level of reliability is tested via algorithms in so-called backtesting.
Jim Simons Math
His mathematical profession has primarily specialized in the geometry and topology of manifolds. Jim’s 1962 Berkeley Ph.D. thesis, written under the direction of Bertram Kostant, gave new evidence of Berger’s classification of the holonomy groups of Riemannian manifolds. He later started to serve with Shing-Shen Chern on the theory of characteristic classes, finally discovering the Chern–Simons secondary characteristic classes of 3-manifolds.
Jim Simons Trader
He is the current richest trader in the world with a $28.1 billion dollar net worth ranking him on the Forbes list.
Jim Simons Book Recommendations
– Supermac. by DR Thorpe.
– Speak, Memory. by Vladimir Nabokov.
– Chips: The Diaries of Sir Henry Channon. by Sir Henry Channon.
– Harare North. by Brian Chikwava.
– Up in the Old Hotel. by Joseph Mitchell.
– Surprised by Joy: The Shape of My Early Life. by C S Lewis
Jim Simons Investments | Holdings
– Novo Nordisk A/S (NVO)
– Amazon.com Inc (AMZN)
– Gilead Sciences Inc (GILD)
– Tesla Inc (TSLA),
– Airbnb Inc (ABNB)
Jim Simons Net Worth 2022
In 2022, Jim’s net worth was $25 billion.
Jim Simons Net Worth 2021
In 2021, Jim’s net worth was $21 Billion.
Jim Simons Net Worth
Jim gets his wealth from his work as a mathematician, billionaire hedge fund manager, and philanthropist who is the founder of Renaissance Technologies. Therefore, Jim has accumulated a decent fortune over the years. Jim’s net worth is $28.1 billion.
How Old Is Jim Simons
Jim is an 85-year-old who was born on April 25, 1938, in Newton, Massachusetts, in the United States. Jim celebrates his birthday on April 25, every year.
Is Jim Simons Married
Yes, he married Marilyn Hawrys. The couple co-founded the Simons Foundation in 1994. Before, he was married to American computer scientist Barbara Simons from 1959 to 1974.
Who Is Jim Simons
He is an American mathematician, billionaire hedge fund manager, and philanthropist who works as the creator of Renaissance Technologies. According to Bloomberg Billionaires Index, Jim’s net worth is estimated to be $25.2 billion, making him the 66th-richest person in the globe. On November 5, 2019, Gregory Zuckerman published a book about Jim and his investing ways titled The Man Who Solved the Market: How Jim Launched the Quant Revolution.
Jim’s Social Media Account
Twitter – @Simons_James