Jim Simons is one of the most successful investors of all time and has an estimated net worth of over $20 billion. Simons has lived an extraordinary life with a number of diversions before he launched his hedge fund Renaissance Technologies in 1982.
Simons came from a mathematical academic background and he achieved what a number of intellectuals never manage to do, that is to take abstract concepts and ideas and apply them successfully to real-world situations. Along the way Simons had assistance from a number of other mathematicians and others such as Leonard Baum, James Ax and Elwyn Berlekamp to name a few.
Much of the way that Simons’ companies operated remains a closely guarded secret and outsiders speculate on what goes on and wonder how the funds are able to achieve the levels of success that they have.
Wall Street journal writer and author Gregory Zuckerman pieced together a work on how Jim Simons managed to achieve his success. The Renaissance fund’s record is unmatched for the returning performance of money invested with the firm.
Zuckerman examined how Simons solved the market.
Entrepreneur: Jim Simons
Company: Renaissance Technologies
Author: Gregory Zuckerman