jim simons, the founder of renaissance technologies, has died at the age of 86. according to a statement published by the simons foundation. it is considered a pioneer of quantitative investing and his technique was so successful, he became known as the quant king. let's discuss it with kathy burton, who has covered much of his legacy. tell us more about what people are saying, what he's most remembered for. >> he is a pretty interesting character. not only was he an amazing hedge fund manager, and no one could ever figure out how he made so much money. also, he was a great mathematician and a great philanthropist as well. sonali: speak about his philanthropy. people speaking about renaissance, and we can talk more about it, it was well known he was hiring people that were not your typical wall street bent. what about his philanthropy? >> he had a large foundation and helped fund other foundations for his family, for his children. he gave a lot of money to education to mathematics in particular. a mathematics program to teach mathematics in grade schools. also au

we have some breaking news jim simons has died at the age of 86 according to an announcement from thefe marilyn simons founded in 1994. simons was considered by many to be one of the founders, if not the founder, of modern quantitative investing, and that was mostly due to his work founding and running renaissance technologies went on to become one of the most successful investing firms, hedge funds in history he was a markets guru. he focused on things ranging from math and sue yens to the origins of the universe itself jim simons is survived by his wife, children, grandchildren and one great-grandchild scott, just from a personal anecdote standpoint, as a former program trader who worked for a fund company, i can tell you how much jim simons was an influence on all of wall street. back over to you >> i appreciate that from you, dom, thank you that's dom chu lets start there because we're not only talking about a legend, obviously, in quantitative investing, but this was a genius in mathematics, which was really his trade and his forte and why we're talking about how successful he wa

jim simons, the founder of renaissance technologies, has died at the age of 86.ording to a statement by the simons foundation. he was the founder of renaissance technologies, a hedge fund continued debt considered a pioneer of quantitative investing. he hired mathematicians, astrophysicists, not your typical wall street type. he was one of the richest people in the world. he passed away in new york city. the foundation did not cite a cause. he was 86. >> i'm sonali basak. chinese ev maker zeekr began trading moments ago. it opened at $26 a share. the ipo at $21 a share. we are joined by abigail doolittle. >> this is a positive, the fact we have two ipos in a week with strong demand. the stock price at 21, it opened at 26. right now closer to 27. up 27% on its first day. market cap of $6.5 billion. at the highs, it had been closer to $7 billion as a way of comparison, viking which went public, has a market cap of closer to 212 believe dollars. this is the largest ipo from a chinese based company. the high-end ev brand that since 2021, they raised $441 million. up

the house was in the jim crow, segregated south, driving simone's future activism in the civil rightse's childhood home sat empty and was in danger of demolition until adam pendleton and three other artists stepped in and bought it. nina simone is and was for me, a powerful example of the best of american culture, and it became very obvious that if there was a tangible way that i could impact and support her legacy, that i should seize it. tennis star venus williams and the national trust's action fund have partnered with the artist to preserve the house. pendleton hopes to offer a residency program at the home for a new generation of musicians. a truly inspirational way to honor one of america's great artists. that's it for this edition of matter of fact, i'm soledad o'brien. i'll see you back here next week to watch more stories like this any time, head to matteroffacttv wptv. it's time to get away and cache in, at cache creek casino resort, to rock and to roll. to go all out or... go all in. with four stars and rising stars, northern california's premier casino resort is the perfec