Jim Simons, billionaire hedge fund founder, dies at 86

Jim Simons, a prominent figure in the financial industry, passed away at the age of 86. Simons was known for his contributions to quantitative investing and his foundation’s philanthropic efforts. Starting from his early days with a strong interest in mathematics, Simons went on to establish successful hedge fund Renaissance Technologies. Later in life, he became a political donor and dedicated his time to supporting various charitable causes, including autism research and science education. His foundation also made a significant donation to Stony Brook University, the largest in the university’s history.