People in the News

Simons’ lavish gift

February 01, 2012   Lawrence Delevingne

James Simons gave new meaning to the term "big man on campus." The billionaire founder of Renaissance Technologies and his wife, Marilyn, gave $150 million to Stony Brook University in December, among the largest gifts ever given to a public college or university in America. Simons led Stony Brook’s mathematics department before founding his hugely successful quantitative firm in 1982. The gift will be used for three purposes, according to the school: "Research excellence" in the medical school, faculty hires through newly endowed professorships, and recruitment of high-achieving undergraduate and graduate students.

Related Articles

Blog Archive

Latest Poll

How will hedge funds finish 2017?

 - 72%
 - 10%
 - 17%

View previous results