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☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

☆ Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
▼ + stars: | 2024-05-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman's book "The Man Who Solved the Market." Simons received a bachelor's degree in mathematics from MIT in 1958, and he earned his PhD in mathematics from University of California, Berkeley at the age of only 23. He was active in the work of the Simons Foundation until the end of his life.

Persons: Jim Simons, Simons, Warren Buffett, George Soros, Gregory Zuckerman's Organizations: Renaissance Technologies, flagship Medallion Fund, U.S, Intelligence, Soviet Union, MIT, University of California, Stony Brook University, Simons Foundation Locations: New York City, Vietnam, Soviet, Berkeley, Stony, New York

☆ Jim Simons, legendary hedge fund manager who cracked the market, dead at 86
▼ + stars: | 2024-05-10 | by ( Paul Squire | ) www.businessinsider.com time to read: 1 min

Jim Simons, the legendary hedge fund manager who founded the prolific Renaissance Technologies, died on Friday, according to the foundation he started. AdvertisementThe MIT math professor and former NSA codebreaker was 86 years old. "Jim was an exceptional leader who did transformative work in mathematics and developed a world-leading investment company," Simons Foundation president David Spergel said in a statement. This is a developing story. Please check back for updates.

Persons: Jim Simons, NSA codebreaker, Jim, David Spergel Organizations: Renaissance Technologies, NSA

NEW YORK (AP) — Two freelance journalists with projects focused on Black nationalism and the aftermath of the Uvalde school shooting have won the American Mosaic Journalism Prize, which honors work about underrepresented groups in the United States. The journalists, Dara T. Mathis and Tamir Kalifa, were each awarded $100,000 from the Heising-Simons Foundation. That's believed to be the largest prize in dollar value given to journalists in the United States. “As a Black writer, I am keenly aware of how the stories of marginalized people are excluded from the archive,” Mathis said. “My work as a journalist seeks to connect silenced histories to our present day.”Photojournalist Tamir Kalifa won for his work on the aftermath of the 2022 mass shooting at the Robb elementary school in Uvalde, Texas.

Persons: Dara T, Mathis, Tamir Kalifa, That's, ” Mathis, “, Robb, Kalifa, he's Organizations: Mosaic Journalism, Simons Foundation, Black Liberation Locations: United States, The Maryland, Uvalde , Texas, Austin, Israel

In its 33-page report, an independent team commissioned by NASA cautioned that the negative perception surrounding UFOs poses an obstacle to collecting data. “We want to shift the conversation about UAPs from sensationalism to science," NASA Administrator Bill Nelson said. Instead, the group relied on unclassified data in an attempt to better understand unexplained sightings in the sky. The government refers to unexplained sightings as UAPs versus UFOs. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: UAPs, Bill Nelson, Nelson, ” Nelson, doesn't, “, ”, Dan Evans, NASA's, Scott Kelly, David Spergel Organizations: — NASA, NASA, Simons Foundation, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, “, U.S

☆ Stony Brook University to Receive $500 Million, an Uncommonly Large Gift
▼ + stars: | 2023-06-01 | by ( Liam Stack | ) www.nytimes.com time to read: +1 min

Stony Brook University, a public school on Long Island, received a donation of $500 million on Thursday from a foundation formed by an alumnus and a former faculty member, making it the recipient of one of the largest gifts to a university in American history. The school said it hopes the gift will spur other donations that could amount to hundreds of millions of dollars. Gifts of that size are rare for universities, and especially so for public institutions like Stony Brook, which is one of the flagship schools of the State University of New York. The donation plus the state matching funds amount to nearly twice the amount of Stony Brook’s current endowment of $370 million, the university president, Maurie McInnis, said in an interview. The donation was made by the Simons Foundation, which was formed in 1994 by Jim Simons, a former Stony Brook math professor who later made billions as a hedge fund manager, and his wife Marilyn Simons, who received her bachelor’s degree and doctorate at Stony Brook.

Persons: Maurie McInnis, Jim Simons, Marilyn Simons Organizations: Stony Brook University, New York State, State University of New, Simons Foundation, Brook Locations: Long, Stony, State University of New York, Stony Brook

☆ NASA team to issue report on unidentified phenomena in July
▼ + stars: | 2023-05-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —A team of 16 experts and scientists assembled by NASA aims to publish its first report on unidentified anomalous phenomena, also known as unidentified flying objects, or UFOS, by midsummer. “We’re trying to assess whether those phenomena pose any risks to safety and we’re doing it using science,” Evans added. Unidentified anomalous phenomena, or UAP, “are events in the sky that cannot be identified as aircraft or known natural phenomena from a scientific perspective,” according to NASA. Instead, the team’s approach has been outlining how to evaluate and study unidentified anomalous phenomena using data and technology. But since being announced in June 2022, members of the independent study team have faced online harassment.

Persons: CNN —, ”, Dan Evans, “ We’ve, ” Evans, “ We’re, Evans, UAPs, Scott Kelly, David Spergel, Kelly, ” Spergel, “, Sean Kirkpatrick, Kirkpatrick, ” Kirkpatrick, Spergel, astrobiology, Katie Hunt, Michael Conte, Jackie Wattles Organizations: CNN, NASA, UAP, National Defense, US Navy, Simons, US Department of Defense, Pentagon Locations: New York City

☆ A year only lasts 17.5 hours on the ‘hell planet’
▼ + stars: | 2022-12-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

One year for this planet lasts about 17.5 hours on Earth. A team of researchers used a new tool known as EXPRES, or the EXtreme PREcision Spectrometer, to determine the precise nature of the planet’s orbit. But the hell planet is not the only planet orbiting Copernicus. An illustration shows just how closely the planet Janssen (left), depicted as an orange dot, orbits its host star Copernicus. Once Janssen moved in closer to Copernicus, the hell planet became even hotter.

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