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Hedge-Fund Manager Donates $60-Million to a University in N.Y.

February 27, 2008, 1:20 pm

James H. Simons, a hedge-fund manager, is giving Stony Brook University, in New York, a $60-million gift to be used for a center on geometry and physics, The New York Times reports.

Mr. Simons, a former math professor, served as chairman of the university’s mathematics department from 1968 to 1976 before he founded an investment-management firm, Renaissance Technologies.

Mr. Simons, and his wife, Marilyn, had previously donated nearly $40-million to the university.

See The Chronicle’s report on giving by hedge-fund managers.

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