The Simons Foundation sadly announces the passing of its co-founder and chair emeritus, James Harris Simons, on May 10, 2024, at the age of 86, in New York City.
Fondly known as Jim, he was not only an esteemed mathematician but also a pioneering figure in quantitative investing and a dedicated philanthropist.
Alongside his wife, Marilyn Simons, who chairs the Simons Foundation, Jim contributed billions of dollars to numerous philanthropic causes, with a particular focus on advancing mathematics and science research and education. Their joint efforts led to the establishment of the Simons Foundation in 1994, which has since supported scientists and organizations worldwide in pushing the boundaries of research in mathematics and the basic sciences.
Jim remained actively involved in the foundation’s work until his passing, his enduring curiosity and passion for mathematics and basic science serving as an inspiration to those around him. He was unwavering in his commitment to enhancing support for mathematics and basic sciences in the United States, often backing projects that were deemed important but lacked funding elsewhere.
Throughout its three-decade history, the Simons Foundation has contributed to groundbreaking discoveries across various fields, including autism research, cosmology, cellular biology, and computational science. The philanthropic legacy of Jim and Marilyn continues to nurture the next generation of mathematicians and scientists both in New York City and globally.
Jim often reflected on his professional journey, which he divided into three phases: mathematician, investor, and philanthropist. Prior to his work in finance, he chaired the mathematics department at Stony Brook University, where his contributions laid the groundwork for advancements in string theory, topology, and condensed matter physics.
In 1978, Jim founded what would evolve into Renaissance Technologies, a hedge fund that revolutionized quantitative trading and achieved unprecedented success in the investment world. Subsequently, he shifted his focus towards philanthropy, channeling his efforts through the Simons Foundation, Simons Foundation International, Math for America, and other charitable initiatives.
“Jim was an extraordinary leader whose work in mathematics and finance has left an indelible mark,” remarks Simons Foundation president David Spergel. “Together with Marilyn Simons, he built an organization that has had a profound impact on mathematics, science, and autism research. The Simons Foundation, an everlasting institution, will continue to uphold their philanthropic vision.”
Jim Simons is survived by his wife, three children, five grandchildren, a great-grandchild, and a multitude of colleagues, friends, and family who fondly remember his insatiable curiosity and sharp wit.
To share stories, messages, and memories about Jim, please send them to observing@simonsfoundation.org.
Details regarding memorial services and other events commemorating Jim’s life and contributions will be available on the Simons Foundation website.
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