Jim Simons, the renowned quantitative hedge fund manager and mathematician, has died aged 86, according to a statement from his family foundation.
Known as the “quant king”, Simons was a pioneer of quantitative investing, which uses large amounts of market data and computer algorithms to drive trading decisions. He left his mark on the industry with the hugely profitable hedge fund Renaissance Technologies, which he founded in 1982.
Simons relinquished the day-to-day management of Renaissance in 2010. In early 2021, he stepped back from his role as co-chair of the fund and from his family’s Simons Foundation, which sponsors research in mathematics and basic sciences.
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