Two Sigma Names Tom Hill to Oversee Personal Investment Business enterprise
2 min readTwo Sigma Investments, the $58 billion quant business, named veteran investor Tom Hill chairman of its non-public financial investment business enterprise, wherever he will direct the group’s expansion programs as it aims to marry details science and considerably less-liquid markets.
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Hill, who constructed Blackstone Group Inc.’s different-asset administration device into a single of the world’s biggest hedge fund traders, joined Two Sigma section-time as a advisor in 2019. In his new full-time position, he will set approach and advancement designs across Two Sigma’s undertaking, non-public fairness and affect-investing groups, which jointly have $3 billion in assets.
“I’ve been really fortuitous due to the fact I have been capable to take edge of the wind at my back again in three important tendencies: the to start with was M&A, the second was non-public equity and the third was hedge resources,” Hill, 72, explained Wednesday in an interview. “Now technologies is the fourth key possibility in which the wind is at my back again, and I can marry my dealmaking and business enterprise-creating expertise with Two Sigma know-how and private investing.”
Two Sigma is in search of to bolster its private-investments group as such firms rake in money at a history tempo and dealmakers just take benefit of pandemic-induced market alternatives. The company, launched by David Siegel and John Overdeck in 2001, commenced investing in personal markets far more than a decade ago.
Hill will search for to raise the use of data science and other technologies across Two Sigma Ventures, Sightway Cash and the hottest addition, Two Sigma Effects — employing them for diligence and sourcing of specials as properly as to expand the corporations they individual.
Examine a lot more: Two Sigma Begins Impression-Investing Enterprise Focusing on Employees
Prior to joining Two Sigma as a specialist, Hill currently had a longstanding partnership with Siegel and Overdeck. Blackstone Alternate Asset Management was an early investor in the quant organization, whose most important small business is hedge money.
Hill, who retired from Blackstone at the conclude of 2018 soon after 25 many years, started his profession at To start with Boston, co-founding the firm’s M&A department, and then ran a comparable team at Smith Barney. He later on ran Lehman Brothers’ financial investment-banking practice and inevitably turned co-CEO.
“As extended as I’ve obtained my health, as long as I have acquired my electrical power, this is what I want to be doing,” Hill mentioned. “And I’m possessing additional exciting than I’ve experienced in a very long time.”
