James Simons founder of hedge fund Renaissance Technologies Corp.
Founder, Renaissance Technologies Corp.
Source Of Wealth hedge funds, Self Made
Self-Made Score 8
Residence East Setauket, NY
Citizenship United States
Marital Status Married
Education Bachelor of Arts / Science, Massachusetts Institute of Technology; Doctorate, University of California Berkeley
The “Quant King” retired from his $26 billion hedge fund firm, Renaissance Technologies, in 2010, but at 76 he continues to play a role at the firm and benefit from its funds, particularly the secretive and consistently profitable black-box strategy known as Medallion. The MIT grad started his career as a theoretical mathematician and was a code breaker for the U.S. Department of Defense during the Vietnam War. He later was head of the math department at SUNY-Stony Brook. In 1982 he founded Renaissance, which is based in East Setauket, N.Y. The fund uses computer modeling to find inefficiencies in highly liquid securities. Simons has contributed well over $1 billion to his Simons Foundation, chairs Math for America, and supports autism research.