Birthday: April 25, 1938 (Taurus)
Born In: Newton
James Simons was an American mathematician and hedge fund manager who founded the famous Renaissance Technologies, one of the world's most successful hedge fund companies. Simons was a code breaker and an expert in pattern recognition. Using his expertise in the field, he employed mathematical models to analyze hedge funds in his company which provide more accurate predictions than other methods. He also amassed a large personal fortune through his investments and is considered a hero in the mathematical fraternity for having achieved such tremendous success in a field other than mathematics. Simons was always interested in mathematics and dreamed of becoming a career mathematician. He completed his bachelor’s degree from the prestigious Massachusetts Institute of Technology (MIT) and earned his doctorate from the University of California at the age of 23. He proceeded to establish himself as a highly accomplished mathematician, primarily working in the fields of geometry and topology of manifolds. Over the course of his career he also worked with the National Security Agency to break codes and taught mathematics at MIT. He eventually went on to found Renaissance Technologies which made him a billionaire. He was also a generous philanthropist.
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Also Known As: Jim Simons, James Simons, James H Simons
Age: 86 Years, 86 Year Old Males
Spouse/Ex-: Barbara Simons, Marilyn Hawrys Simons
children: Audrey Simons, Liz Simons, Nathaniel Simons, Nicholas Simons, Paul Simons
Born Country: United States
Philanthropists Mathematicians
U.S. State: Massachusetts
City: Newton, Massachusetts
Founder/Co-Founder: Renaissance Technologies, Math for America
education: 1958 - Massachusetts Institute of Technology, 1962 - University of California, Berkeley, Newton North High School
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James Harris Simons is known for his work in differential geometry and the development of the Chern-Simons form.
The Simons Foundation, established by James Harris Simons, is a major funder of scientific research, particularly in mathematics, physics, and the life sciences.
James Harris Simons revolutionized the financial industry through his pioneering work in quantitative trading strategies and founding of the hedge fund Renaissance Technologies.
The Simons Center for Geometry and Physics is a research center at Stony Brook University founded by James Harris Simons, which focuses on the connection between mathematics and physics.
James Harris Simons had an impact on the world of artificial intelligence through his support of research initiatives and collaborations that explore the intersection of mathematics and AI.
James Harris Simons was born to Jewish parents Marcia and Matthew Simons in Newton, Massachusetts, in 1938. His father owned a shoe factory.
He developed an early interest in exploring nature and was also inclined towards mathematics from a young age.
He got a vacation job in the stockroom of a garden supply store when he was 14. But he was so forgetful that his supervisors demoted him to floor sweeper. He told his supervisors that he planned to study at the Massachusetts Institute of Technology (MIT) when asked about his future plans, much to the supervisors’ amusement.
In 1955, Simons was accepted into the prestigious MIT where he studied mathematics and graduated with a bachelor’s degree in 1958. He thoroughly enjoyed his time at MIT and there was no doubt in his mind that he was meant to be a mathematician.
He went on to pursue his Ph.D. in mathematics from the University of California, Berkeley. There he worked under the supervision of Bertram Kostant and gave a new and more conceptual proof of Berger's classification of the holonomy groups of Riemannian manifolds. He completed his doctorate in 1961, at the age of 23.
In 2009 Simons retired as the company’s CEO and became chairman of its board. He devoted more time to philanthropy in later years.
James Simons founded the hedge fund management Renaissance Technologies which is today one of the world's most successful hedge fund companies. The company, which trades in markets around the world, uses computer-based mathematical models to predict price changes in financial instruments and utilizes financial signal processing techniques such as pattern recognition which set it apart from its competitors.
He won the 1976 AMS Oswald Veblen Prize in Geometry for his contribution to geometry and topology.
In 2014, he was elected to the National Academy of Sciences of the USA.
His first marriage was to computer scientist Barbara Simons which ended in divorce. He is currently married to Marilyn Hawrys. He had five children; two of them died young adults separate accidents.
He passed away on May 10, 2024, at the age of 86.
James Simons and his wife, Marilyn, founded the Simons Foundation in 1994. The charitable organization supports projects related to education and health, and research in mathematics and the sciences.
In 2004 he founded Math for America, a non-profit organization whose mission is to improve mathematics education in U.S. public schools.
The Simons Foundation made a $60 million donation to found the Simons Center for Geometry and Physics at Stony Brook. It was the largest gift to a public university in New York state history.
James Harris Simons, a renowned mathematician and hedge fund manager, was also a major philanthropist who donated generously to various causes, including education and scientific research.
Despite his success in the world of finance, Simons always maintained a strong interest in academic pursuits, publishing numerous papers in mathematics and contributing to the field's advancement.
Simons was known for his unique management style, which emphasized collaboration and teamwork among his employees, fostering a positive and innovative work environment within his firm.
In addition to his professional achievements, Simons was also an accomplished sailor, having competed in several prestigious regattas and demonstrating his passion for the sport outside of the financial world.
Simons' approach to investing was characterized by his reliance on data-driven analysis and sophisticated mathematical models, setting him apart from many other hedge fund managers in the industry.
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