Hedge Funds

Financial engineers reward Simons


Jim Simons will find himself in excellent company this month when he accepts the Financial Engineer of the Year award from the International Association of Financial Engineers and SunGard. Fellow hedge fund managers and academics Andrew Lo, Robert Merton and Fischer Black have all been similarly honored in the past. Simons was singled out because he has very successfully bridged academic theory and its practical application: His flagship Medallion Fund has netted 35% average annual returns since inception in 1989.