FILE - Jim Simons, a businessman and founder of Math for America, poses at
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86
Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. Simons was 86 years old. Simons, the founder of the hedge fund Renaissance Technologies, helped to pioneer quantitative investing, a market strategy that relies on mathematical and statistical models to identify investing opportunities. Later in life, Simons became a political donor and philanthropist. Simons had a love for math and numbers...
Prior to Apple stock's value recovery after a better than expected quarter, one hedge fund got rid of all of its holdings in the iPhone maker, and another went in big. Apple CEO Tim Cook According to filings with the Securities and Exchange Commission made on Wednesday, two big hedge funds flipped around their Apple holdings. For starters, Coatue Management got rid of all of its shares. Coatue started the quarter with 2.4 million shares in Apple worth around $470 million at the time....
NEW YORK (AP) — A fraud trial began Monday for the founder of a hedge fund that cost leading global investment banks and brokerages billions of dollars when it collapsed. A prosecutor portrayed Bill
Next City explains how the Edge Fund Control of American Homes Act seeks to keep private equity's influence out of single-family homes.
Hedge Funds Hammered As 'Roaring Kitty' Returns; Bitcoin & Black Gold Bid The return of 'Roaring Kitty' sent GME soaring higher (up 110% at its highs) Source: Bloomberg and prompted squeezes/panic-covering across the 'most shorted' names and 'retail favorites (memes)' soared Source: Bloomberg As John Flood noted from Goldman's trading desk: "GS Most Short Rolling basket in focus having a top 5 move over the past 5 Years (3.3std)." Source: Bloomberg Volume/activity has...
"I did a lot of math. I made a lot of money, and I gave almost all of it away," Simons remarked at a 2022 event honouring Abel Prize winners recognised for their mathematical achievements. "That's the story of my life."
Hedge Funds That Sold In May Might Now Push Stocks To New Highs Authored by Simon White. Bloomberg macro strategist, Hedge funds seem to have taken the old adage about selling in May to heart. From being very long for most of this year, aggregate positioning now looks to have gone short – right as the stock market bounces. Hedge funds that are offside might now chase the market higher through the rest of the month. We can estimate how hedge funds are positioned in stocks by...
A combined short position of 2.79 per cent of BT's shares marks the biggest publicly disclosed bet against the company since records began.
Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine, has died.
Hedge Fund Boss Loses Legal Fight Over 2,364 Silver Bars Found In WWII Shipwreck An undersea exploration company backed by a top hedge fund boss in the United Kingdom lost a major legal fight over the salvage of $40 million worth of silver bars from the wreck of a ship lost to a Japanese submarine in World War II. On Wednesday, Bloomberg reported that the UK's Supreme Court ruled that the South African government could declare state immunity in a suit by hedge fund chief Paul...