Billionaire quant investing pioneer and philanthropist James Simons dies at 86
-Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday.Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King.
As a mathematician, Simons was used to working large sets of data and comfortable finding patterns to guide buying and selling. Simons was secretive about how his firm made money. He was described as someone who viewed the markets as a code to be cracked, Wall Street Journal writer Gregory Zuckerman wrote in his 2019 book "The Man Who Solved the Market."
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