Nick Simons InstituteThe white guy shaking hands of PM Dahal on August 17, 2008 looked eerily familiar to me. Then I searched and there he was, James Simons (aka Jim Simons) of Renaissance Technologies, the biggest earner in the hedge fund industry in 2006. According to the Alpha Magazine, the chronicler of the industry, his take-home pay in 2006 was a staggering $1.7 billion - more than the size of Nepal's budget. In 2007, he earned only $2.8 billion, a lot in an absolute sense but less than John Paulson & George Soros.
Looks like he is supporting health care in Nepal through Nick Simons Institute founded in memory of his son Nick. The Board of the Institute is composed of who's who of Nepal - Dr. Bhekh B. Thapa, Chitra Lekha Yadav, Kunda Dixit and Pravakhar Rana amongst others.
Jim Simons' efforts to help Nepal appear strikingly similar to efforts by another uber Yankee capitalist, Richard Blum of Blum Capital who does his "good work" through an outfit called American Himalayan Foundation.
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