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Remembering Jim Simons (1938–2024)

The Heising-Simons Foundation honors the life and legacy of Jim Simons, 86, who passed away on Friday, May 10, 2024.  The father of Heising-Simons Foundation Chair Liz Simons, father-in-law of Vice Chair Mark Heising, and grandfather of Vice Chair Caitlin Heising, Jim (as he preferred to be called) was an award-winning mathematician, a legend in quantitative investing, and an inspired and generous philanthropist.

As the Simons Foundation notes, together with his wife Simons Foundation chair Marilyn Simons, he gave billions of dollars to hundreds of philanthropic causes, particularly those supporting math and science research and education. In 1994, they established the Simons Foundation, which supports scientists and organizations worldwide in advancing the frontiers of research in mathematics and the basic sciences.

Simons Foundation co-founder and chair emeritus Jim Simons. © Béatrice de Géa

Jim was active in the work of the Simons Foundation until the end of his life, and his curiosity and lifelong passion for math and basic science were an inspiration to those around him. He was determined to make a meaningful difference in the level of support that mathematics and basic sciences received in the United States, notably by sponsoring projects that were important but unlikely to find funding elsewhere.

Over its 30-year history, the Simons Foundation’s work has led to breakthroughs in our understanding of autism, the origins of the universe, cellular biology and computational science. Jim and Marilyn’s giving continues to support the next generation of mathematicians and scientists at schools and universities in New York City and around the world.

Jim frequently said that he went through three phases in his professional life: mathematician, investor and philanthropist. He previously chaired the math department at Stony Brook University in New York, and his mathematical breakthroughs during that time are now instrumental to fields such as string theory, topology and condensed matter physics.

In 1978, Jim founded what would become Renaissance Technologies, a hedge fund that pioneered quantitative trading and became one of the most profitable investment firms in history. He then turned his focus to making a difference in the world through the Simons Foundation, Simons Foundation International, Math for America and other philanthropic efforts.

Jim Simons is survived by his wife, three children, five grandchildren, a great-grandchild, and countless colleagues, friends and family who fondly recall his genuine curiosity and quick wit.

The Heising-Simons Foundation sends its deepest condolences to the family of Jim Simons and to the staff of the Simons Foundation.

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