Thursday, July 9, 2009

Jim Simons

He is a great mathematician and a billionaire, who donated millions to help out the RHIC experiment among other things. As some sort of inverse Robin Hood he makes money even when normal people suffer losses, at least until recently.
In 2009 the performance of his biggest funds was not so great, in fact pretty bad. So he had to write one of those letters to his Dear Investors and promised to find new signals, but in June performance was still not so good.
Let's hope summer will be better for him.

In unrelated news, the Harvard endowment fund lost $11 billion and Larry Summers may have to arrange for some bailout or something...

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