{"id":38244,"date":"2013-09-26T11:45:46","date_gmt":"2013-09-26T15:45:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38244"},"modified":"2013-09-26T11:57:21","modified_gmt":"2013-09-26T15:57:21","slug":"renaissance-technology-hedge-fund-founder-wins-carnegie-medal-of-philanthropy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/renaissance-technology-hedge-fund-founder-wins-carnegie-medal-of-philanthropy.html","title":{"rendered":"Renaissance Technology Hedge Fund Founder Wins Carnegie Medal of Philanthropy"},"content":{"rendered":"

\"250px-James_Simons_2007\"<\/a>New York (HedgeCo.Net) -The American mathematician who founded one of the world’s most successful hedge fund companies,\u00a0Dr. James Harris Simons and\u00a0his wife, economist Dr. Marilyn Simons are this year’s\u00a0recipients of the Carnegie Medal of Philanthropy, which recognizes those who use their private wealth for the public good.<\/p>\n

In 1982, Simons founded\u00a0Renaissance Technologies, a private hedge fund investment company based in\u00a0New York\u00a0with over $15 billion under management. Simons retired at the end of 2009, as CEO, of what is one of the world’s most successful\u00a0hedge fund\u00a0companies.\u00a0Simons’ net worth is estimated to be $10.6 billion.<\/p>\n

The philanthropic activities of this year’s Carnegie medalists span the globe and include support for education, science, entrepreneurship and the arts. This year’s recipients also include:\u00a0Her Highness Sheikha Moza bint Nasser, Chairperson of the Qatar Foundation for Education, Science Community Development and one of Forbes’ 100 Most Powerful Women;\u00a0Sir Tom Hunter, the British entrepreneur who the Sunday Times of London called Scotland’s first home-grown billionaire; Dr. Dmitry Zimin, the founder of the second largest telecom business in Russia; and\u00a0Dame Janet Wolfson de Botton DBE\u00a0on behalf of the\u00a0Wolfson family, founders of the Wolfson Foundation.<\/p>\n

The wealth that Simons has amassed funds his many philanthropic pursuits. Known as the “Quant\u00a0King,\u201d\u00a0Simons is a benefactor for the mathematical sciences, supporting research projects, chairs, and conferences in the United States and abroad.<\/p>\n

Simons and his second wife, Marilyn Hawrys Simons, co-founded the\u00a0Paul Simons Foundation, a charitable organization that supports projects related to education and health, in addition to scientific research.\u00a0Marilyn serves as the foundation’s President, while Jim serves as its Secretary and Treasurer.\u00a0In memory of his son Paul, whom he had with his first wife,\u00a0Barbara Simons, he established Avalon Park, a 130-acre\u00a0nature preserve in\u00a0Stony Brook. In 1996, 34-year-old Paul was killed by a car while riding a bicycle near the Simons home. Another son, Nick Simons, drowned at age 24 while on a trip to\u00a0Bali\u00a0in\u00a0Indonesia\u00a0in 2003.\u00a0Nick had worked in\u00a0Nepal\u00a0and the Simons have become large donors to Nepalese healthcare through the\u00a0Nick Simons Institute.\u00a0Jim Simons also founded\u00a0Math for America, a non-profit organization with the mission to significantly improve math education in public schools.<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) -The American mathematician who founded one of the world’s most successful hedge fund companies,\u00a0Dr. James Harris Simons and\u00a0his wife, economist Dr. Marilyn Simons are this year’s\u00a0recipients of the Carnegie Medal of Philanthropy, which recognizes those who use […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,16021],"tags":[],"class_list":["post-38244","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","category-philanthropy"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38244"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38244\/revisions"}],"predecessor-version":[{"id":38251,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38244\/revisions\/38251"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}