Two Sigma Ramps Up China Hedge Fund Push After 22% Return

Two Sigma Investments is stepping up its bid to tap the wealth of Chinese investors by asking them for a fresh round of cash for its outperforming fund and expanding local headcount.

The US quant giant’s China private fund business -- the local equivalent of a hedge fund -- is seeking to raise about 1.2 billion yuan ($180 million) for its managed futures product, adding to about 3.8 billion yuan in assets the firm has amassed since early 2020, according to people with knowledge of the matter. The Shanghai-based unit also plans to double its local staff to more than 20 people this year, the people said, asking not to be identified discussing private information.