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David Siegel - 1 Jian Wu - 1 Wu - 1 Akanksha - 1 Alexander Smith - 1
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New York Bengaluru
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Sigma - 2 Sigma Investments - 2 Bloomberg - 1 Wall Street Journal - 1 The Securities - 1 Exchange Commission - 1 SEC - 1 Thomson - 1

Search resuls for: "Sigma Investments"


5 mentions found


☆ Hedge Fund Two Sigma Is Hit by Trading Scandal
  + stars: | 2023-10-29 | by ( Gregory Zuckerman | Juliet Chung | ) www.wsj.com   time to read: 1 min
Two Sigma, co-founded by David Siegel, is attracting fresh regulatory scrutiny. Photo: Jeenah Moon/Bloomberg NewsA researcher at Two Sigma Investments adjusted the hedge fund’s investing models without authorization, the firm has told clients, leading to losses in some funds, big gains in others and fresh regulatory scrutiny. The researcher, Jian Wu, a senior vice president at New York-based Two Sigma, was trying to boost his compensation, Two Sigma has told clients, without identifying Wu. He made changes over the past year that resulted in a total of $620 million in unexpected gains and losses, according to people close to the matter and investor letters. Two Sigma has placed Wu on administrative leave.
Persons: David Siegel, Jian Wu, Wu Organizations: Sigma, Bloomberg, Sigma Investments Locations: New York
☆ Two Sigma tells clients of $620 million in unexpected gains, losses, Wall Street Journal reports
  + stars: | 2023-10-29 | by ( ) www.reuters.com   time to read: 1 min
Oct 29 (Reuters) - Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted from unauthorized adjustments, the Wall Street Journal reported. The Securities and Exchange Commission (SEC) is examining the matter, Sunday's WSJ report added, citing sources. The SEC declined to comment on the WSJ report when approached by Reuters. Two Sigma did not immediately respond to requests for a response. Reporting by Akanksha Khushi in Bengaluru; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: Akanksha, Alexander Smith Organizations: Sigma Investments, Wall Street Journal, The Securities, Exchange Commission, SEC, Reuters, Sigma, Thomson Locations: Bengaluru
☆ Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
  + stars: | 2023-05-15 | by ( David Randall | ) www.reuters.com   time to read: +1 min
NEW YORK, May 15 (Reuters) - Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock. Arrowstreet Capital added about 5 million shares during the quarter, brining its total position to slightly more than 7 million shares, while Coatue more than doubled its position in the company by buying 4.2 million shares. Winslow Capital Management, meanwhile, initiated a new position in the firm by buying about 927,000 shares, and D1 Capital Partners bought slightly more than 1 million shares. Norges Bank, the central bank of Norway, was the largest seller among all firms, unloading more than 35 million shares during the quarter. Two Sigma Investments sold its entire stake of about 569,000 shares, while Glenview Capital Management, run by billionaire Larry Robbins, sold its entire stake of about 526,000 shares, according to filings.
☆ Crypto exchange C3 aims to fix a big flaw exposed in the collapse of FTX. Its cofounders just raised $6 million from hedge fund Two Sigma's venture arm.
  + stars: | 2023-02-10 | by ( April Joyner | ) www.businessinsider.com   time to read: +4 min
The crypto exchange C3 has raised $6 million in seed funding led by Two Sigma Ventures. A series of bankruptcies — FTX, BlockFi, Celsius, Voyager, Genesis — has exposed major flaws within several crypto financial institutions. Michel Dahdah believes his company, the crypto exchange C3, can fix one big challenge these crypto companies face: the custody question. C3 has raised $6 million in seed funding led by Two Sigma Ventures, the venture-capital arm of the hedge fund Two Sigma Investments. In the traditional finance world, custody and exchange are separate functions, and crypto needs to follow suit, he said.
☆ Two Sigma, Holocene added Tesla shares before fourth-quarter tumble
  + stars: | 2022-11-14 | by ( David Randall | ) www.reuters.com   time to read: +1 min
NEW YORK, Nov 14 (Reuters) - Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc (TSLA.O) stock during the third quarter, filings released Monday showed. Group One Trading added a new position of slightly more than 1 million shares, giving it a market value of nearly $276 million as of Sept. 30. Two Sigma, meanwhile, added nearly 323,500 shares for a stake worth $14.7 million as of the end of September, while Holocene Advisors added nearly 319,000 shares for a stake worth about $84.6 million. Tesla's shares have fallen significantly since the end of the quarter, dropping 16% compared to the 11.4% gain in the benchmark S&P 500 index. The Maryland State Retirement and Pension System and Abbot Financial Management Inc were among the few large investors who shed their full stake in Tesla during the quarter, filings show.
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