They call them “quants.”
They’re math whizzes who’ve truly revolutionized Wall Street trading–far more so than all those “occupy” protestors who vowed to disrupt it.
One famed “quant” is Jim Simons, a former Stony Brook math professor, who used his theoretical math skills to build his East Setauket-based Renaissance Technologies into a powerhouse hedge fund, netting Simons a fortune estimated at $10 billion.
Now Simons and his wife, Marilyn, are giving back: they and their foundation are giving $150 million to SUNY Stony Brook, enabling their beloved university to endow 35 professorships, and build on the university’s research strengths in life sciences, cancer and infectious diseases.
All this was announced in a press conference at Stony Brook, where the Simons were joined by Governor Cuomo who also had good news about new state funding.
Their gift–as well as another $35 million from the state–will help build a new life sciences building, and establish a new center for biological imaging on the campus.
When taken together, says Stony Brook President Sam Stanley, the gifts amount to the rebirth of the university, enabling it to pursue its flagship ambitions as a top 25-research institution.
Truly this is a gift that will keep on giving to Long Island.