Key Takeaways
- • Two Sigma appointed Tom Hill as chairman of its private investing business in a newly created role, effective March 2021, following his transition from a consulting engagement that began in early 2019.
- • Hill, former president and CEO of Blackstone Alternative Asset Management (BAAM), will oversee strategy and growth across Three Sigma Impact (private equity), Two Sigma Ventures (early-stage venture capital), and Sightway Capital (private equity focused on data-rich industries).
- • Two Sigma, a $58 billion quantitative hedge fund, has been investing in private markets for over a decade and positions its private investing expansion as a core growth driver leveraging its scientific approach, technology, and data science capabilities.
- • Hill built BAAM into the world's largest discretionary investor in hedge funds during his 25-year tenure at Blackstone (joined 1993, retired end of 2018) before consulting with Two Sigma.
Summary
Two Sigma has elevated Tom Hill to chairman of its private investing business, formalizing a relationship that began with a consulting arrangement in early 2019. The newly created position places Hill in charge of strategy and expansion across the firm's three core private investment platforms: Two Sigma Impact, Two Sigma Ventures, and Sightway Capital. The appointment, announced March 18, 2021, represents a significant leadership move for the $58 billion quantitative hedge fund as it seeks to expand its footprint beyond systematic trading into alternative asset classes.
Hill brings extensive credentials from his 25-year career at Blackstone, where he served as president and CEO of Blackstone Alternative Asset Management. During his tenure at BAAM, Hill built the division into the world's largest discretionary investor in hedge funds before retiring at the end of 2018. His appointment at Two Sigma signals the firm's commitment to leveraging experienced institutional capital operators to scale its private markets presence.
Two Sigma's private investment portfolio reflects a diversified strategy across multiple asset classes. Two Sigma Impact focuses on private equity with a dual mandate of superior returns and positive social outcomes. Two Sigma Ventures targets early-stage venture capital investments in technology-driven companies, while Sightway Capital pursues private equity opportunities in data-rich sectors including financial services and real assets. The firm has invested in private markets for more than a decade, applying what it describes as a "scientific approach alongside its technology and data science expertise" to generate differentiated returns.
John Overdeck, co-founder and co-chairman of Two Sigma, expressed confidence in Hill's leadership, stating that "our private investments business is an important part of the future of Two Sigma and we are confident in our ability to deliver differentiated returns in private markets under Tom's leadership." This positioning underscores Two Sigma's strategic intent to establish private investing as a material growth pillar alongside its established quantitative hedge fund operations.
Hill brings extensive credentials from his 25-year career at Blackstone, where he served as president and CEO of Blackstone Alternative Asset Management. During his tenure at BAAM, Hill built the division into the world's largest discretionary investor in hedge funds before retiring at the end of 2018. His appointment at Two Sigma signals the firm's commitment to leveraging experienced institutional capital operators to scale its private markets presence.
Two Sigma's private investment portfolio reflects a diversified strategy across multiple asset classes. Two Sigma Impact focuses on private equity with a dual mandate of superior returns and positive social outcomes. Two Sigma Ventures targets early-stage venture capital investments in technology-driven companies, while Sightway Capital pursues private equity opportunities in data-rich sectors including financial services and real assets. The firm has invested in private markets for more than a decade, applying what it describes as a "scientific approach alongside its technology and data science expertise" to generate differentiated returns.
John Overdeck, co-founder and co-chairman of Two Sigma, expressed confidence in Hill's leadership, stating that "our private investments business is an important part of the future of Two Sigma and we are confident in our ability to deliver differentiated returns in private markets under Tom's leadership." This positioning underscores Two Sigma's strategic intent to establish private investing as a material growth pillar alongside its established quantitative hedge fund operations.
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