Two Sigma Names Tom Hill to Oversee Personal Investment Business enterprise

Two 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.

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.”