86-year-old Jim Simons, founder of Renaissance Technologies and "Quant King," passed away in New York City.
86-year-old Jim Simons, known as the "Quant King" for his success in quantitative investing, has passed away in New York City. Simons founded Renaissance Technologies, a hedge fund that has consistently beaten market returns, using mathematical models and algorithms to generate investment decisions. His flagship Medallion Fund achieved annual returns of 66% since 1988, and Simons' net worth was recently estimated at $30 billion.
May 10, 2024
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