What is Jim Simons Cause of Death? A Billionaire Investor is No More

Jim Simons, a billionaire investor and Cold War codebreaker who created Renaissance Technologies, one of the world’s most well-known and profitable hedge funds, died on Friday at the age of 86.

Who is Jim Simons?

James Harris Simons oversaw the math department at Stony Brook University in New York before establishing the clandestine quantitative hedge fund in 1978. Renaissance Technologies was founded in 1982 and has since become one of the industry’s most profitable hedge funds, particularly for its Medallion fund, which averaged a 66 percent annual return. Fond memories flowed in. “Jim remained actively involved in the Simons Foundation’s work until his death. “His curiosity and lifelong passion for math and basic science inspired those around him,” according to a statement from the Simons Foundation. “He had a desire to make significant improvements in the level of support that mathematics and basic sciences received in the United States, notably by supporting initiatives that were important but unlikely to find funding elsewhere,” it stated.

What is Jim Simons Cause of Death?

Billionaire investor James Simons, a mathematician and Cold War codebreaker who established Renaissance Technologies, one of the world’s most recognized and profitable hedge funds, died at the age of 86, his charity announced on Friday. The Simons Foundation did not disclose the cause of death. Simons, who wanted to be known as Jim, changed his career path from teaching mathematics and working in US intelligence to investing sixty years ago. His pioneering use of computer signals to make trading decisions earned him the nickname “Quant King.”