The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September.
The firm is planning to continue to invest in its core strategies, a person close to the manager said.
Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider.
AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said.
AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.
Persons:
Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's
Organizations:
Sigma, Business, Bloomberg, shepherding
Locations:
New York