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September 11, 2014

Stony Brook U. Gets $25-Million From Ex-Teacher James Simons

Billionaire financier James Simons, who chaired Stony Brook University's mathematics department before making his fortune in hedge funds, has given his former employer $25-million to boost research into the workings of the universe, Newsday writes. The gift from Mr. Simons and his wife, Marilyn, will benefit the Simons Center for Geometry and Physics, which the couple established with a $60-million gift in 2008.

Mr. Simon taught at the Long Island school from 1968 to 1976 and went on to found fund manager Renaissance Technologies. The new gift will be used to replenish the Simons Center's endowment, help maintain its building, and supports activities such as a gallery exhibiting art that has a scientific aspect, university President Samuel L. Stanley Jr. said.