Setauket hedge fund founder makes $1.1B in 2013
Renaissance Technologies founder James Simons is No. 4 for his salary among hedge fund managers, according to a 2014 report by Institutional Investor’s Alpha. This photo is from Dec. 14, 2011. Credit: Randee Daddona
James Simons, founder of East Setauket's Renaissance Technologies, pulled down $1.1 billion in 2013, making him the sixth-highest-earning U.S. hedge fund manager and trader, according to a ranking released Wednesday by Forbes.
Although Simons, 75, retired from the $25 billion hedge fund firm in 2010, he still has a hand in the firm, Forbes said.
The former chair of the mathematics department at Stony Brook University, Simons helped pioneer a quantitative strategy that uses computers to rapidly trade stocks based on momentary inefficiencies in the market.
Topping the Forbes list was hedge fund veteran George Soros, who earned $4 billion.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
