Hedge fund founder donates $25 million to Stony Brook University to boost research

Associated Press

Stony Brook University has received a $25 million donation from the founder of a hedge fund.

The Long Island-based school says the gift from James Simons and his wife, Marilyn, will boost research by physicists and mathematicians.

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The Simons Center for Geometry and Physics was founded in 2008. Experts in the two fields collaborate on researching string theory or quantifying gravity.

Simons was named a member of the National Academy of Science this year. The billionaire founded the Renaissance Technologies in East Setauket, Long Island.

The Simons have given the center a total of $105 million.

The school tells Newsday (http://nwsdy.li/1nKQeLV ) that the $25 million will replenish its endowment and help maintain the building and support its activities.


Information from: Newsday, http://www.newsday.com