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Jim Simons, Founder of Renaissance Technologies, Dies at 86 - Bloomberg

Wealth

Obituary

Jim Simons, Code Breaker Who Mastered Investing, Dies at 86

He hired scientists and mathematicians to decipher markets
Creator of Medallion fund was one of world’s richest people

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By Patrick Oster and Katherine Burton

May 10, 2024 at 12:09 PM EDT

Updated on

May 10, 2024 at 2:45 PM EDT

Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86.

He died Friday in New York City, according to his charitable foundation, which didn’t cite a cause.

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