Key Takeaways
- • Two Sigma Investments has halted fundraising for its real estate unit and is no longer making new investments out of the business, according to Bloomberg, just two years after the unit opened to outside capital.
- • Rich Gomel, the real estate unit's partner and chief investment officer, is leaving Two Sigma along with other members of the real estate leadership team, per people familiar with the matter.
- • Two of the three remaining partners on the real estate team are departing, as is one of the two heads of data science, indicating a significant reduction in senior staff.
- • The move signals slow growth in the unit's outside-capital business, though the source material does not disclose fund sizes, AUM, or specific performance figures.
Summary
Two Sigma Investments has cut senior staff at its real estate unit, stopped fundraising, and ceased making new investments through the business, according to Bloomberg. The wind-down comes roughly two years after the unit began accepting outside capital, and the Bloomberg report attributes the decision to slow growth in the business.
Rich Gomel, the unit's partner and chief investment officer, is leaving the firm. He is joined by other members of the real estate leadership team, including two of the three remaining partners and one of the two heads of data science, according to people familiar with the matter. The departures leave the unit with a substantially reduced senior bench.
The available reporting does not include fund sizes, capital raised to date, or details on how existing investments will be managed going forward. Readers seeking those specifics should refer to the full Bloomberg article.
Rich Gomel, the unit's partner and chief investment officer, is leaving the firm. He is joined by other members of the real estate leadership team, including two of the three remaining partners and one of the two heads of data science, according to people familiar with the matter. The departures leave the unit with a substantially reduced senior bench.
The available reporting does not include fund sizes, capital raised to date, or details on how existing investments will be managed going forward. Readers seeking those specifics should refer to the full Bloomberg article.
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