Illustrative New York real-estate photograph by Mike Chavarri / Unsplash. Not a photograph of a Two Sigma office or fund-owned asset. Photographer. Even the quants could not make this fundraising math work. Two Sigma Investments, the New York quantitative hedge fund with about $85 billion in assets, is shutting its real estate unit, according to Bisnow, which cited a Bloomberg report from Oct. 16. The firm has stopped raising money and making new investments there, and it is cutting staff.…
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An $85 Billion Hedge Fund Is Walking Away From Real Estate. Its Investment Chief Is Leaving Too.
Two Sigma reportedly stops new real-estate investment as fundraising falls short. What the unit’s wind-down could mean for property investors and brokers.
