Quant Giant Two Sigma’s Funds Sink in First Quarter

Most of the quant giant’s funds lost money during the period.

David Siegel, co-founder and co-chairman of Two Sigma. (Cate Dingley/Bloomberg)

David Siegel, co-founder and co-chairman of Two Sigma.

(Cate Dingley/Bloomberg)

Two Sigma has posted its worst stretch of performance in recent memory.

The quant titan lost money in most of its key funds in the first quarter, according to investors and private databases. The funds have recovered somewhat in the first half of April, but only one of them is back in positive territory.

Two

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