Data Science

November 14, 2019
How Jim Simons Became
The Most Successful Investor of All Time

Jim Simons, the founder of Renaissance Technologies, a hedge fund, spots patterns.

Mr Simons is less famous than Mr Soros or Mr Buffett, but no less successful. He founded Renaissance in 1982, aged 44, after a successful career in mathematics and code-breaking. Its flagship Medallion fund has earned $100bn in trading profits since 1988, mostly for its employees. The average annual return of 66% before fees makes Mr Simons one of the most successful investors of all time. He is now worth $21bn.

James Simons, Ph.D., with his Medallion Fund, was the first to prove that
with data science, extraordinary results are achievable.

Source: Medallion Fund data: “Why the Medallion Fund is the Greatest Money-Making Machine of All Time”

Of Dollars and Data is not responsible for the calculations in the above chart.