Two Sigma’s Newest Venture? Real Estate

The quantitative investment company is applying its data science expertise to a business that it says will also require major human influence.

Tom Hill (Peter Foley/Bloomberg)

Tom Hill

(Peter Foley/Bloomberg)

Two Sigma is entering a new business.

The technology- and data-driven hedge fund giant has launched Two Sigma Real Estate, according to a press release that’s expected to be published Wednesday.

The unit will invest in private real estate assets and will be headed up by Tom Hill, who will serve as CEO of Two Sigma Real Estate; Rich Gomel, the unit’s chief investment officer; and Drew Conway, head of data science.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related