The code-breaking maths whiz who built a $48 billion fortune
Jim Simons was working for the US government cracking codes and ciphers used by the Soviet Union when he had a brainwave.
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, Simons was described as the "greatest investor on Wall Street," and more specifically "the most successful hedge fund manager of all time".
Jim Simons was working for the US government cracking codes and ciphers used by the Soviet Union when he had a brainwave.
The New York Times reported that Jim Simons, the founder of Medallion hedge fund, died this week. As a result of his fund,..