Fund launches & closures Hedge Funds

Two Sigma readies new global equity fund

by

The firm has increased assets 35% this year.

Two Sigma Investments, the $8 billion systematic equity-focused firm founded by a pair of D.E. Shaw alumni, is preparing to launch a new fund by yearend.

The Two Sigma Absolute Return fund, a market neutral long/short equity vehicle, will employ two to four times gross leverage, according to marketing documents obtained by AR. It will be managed by Jason Beverage, a portfolio manager and managing director who has been at the 375-person firm for nearly a decade, having joined as the 16th employee.

The launch comes at a time of growth for Two Sigma, but during difficult stretch for