Goodbye to a genius! Jim Simons, Pioneer behind the "greatest money-making machine", dies 😞
The world of finance mourns the loss of Jim Simons, the legendary mathematician and hedge fund manager who died at the age of 86.
Simons, known as the "math wizard," was the founder of Medallion, a fund that revolutionized the industry and was dubbed "the biggest money-making machine of all time." 🗣
Medallion, powered by complex algorithms and quantitative trading strategies, achieved an annual return of 62% between 1988 and 2018 (before fees), an unprecedented feat that stunned experts and rivals alike.
Beyond his financial achievements, Simons was a passionate philanthropist and an advocate for scientific research. 💬
His legacy extends beyond the world of finance, inspiring generations of mathematicians, scientists and entrepreneurs.
Jim Simons' departure leaves an irreplaceable void in the investment world.
His genius, his vision and his tenacity will be remembered forever.
R.I.P 💔