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Quant Two Sigma to employ human touch in trading

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Two Sigma Investments, the $60bn quant hedge-fund giant known for using computer-driven algorithms to make money, is looking to add a human touch to its investment strategies for the first time by employing traders who use their own personal judgement to generate returns, according to a report by Bloomberg.

Two Sigma Investments, the $60bn quant hedge-fund giant known for using computer-driven algorithms to make money, is looking to add a human touch to its investment strategies for the first time by employing traders who use their own personal judgement to generate returns, according to a report by Bloomberg.

The report cutes unnamed sources familiar with the matter as confirming that the New York-based firm, which uses machine learning and big data to make systematic trades, has already hired some staff and is now interviewing traders and researchers. 

Two Sigma’s move into discretionary investing means the firm is reportedly targeting traders with experience in equities, macro and fixed-income investments.

According to Bloomberg’s sources, the new hires will work across multiple existing teams to complement the firm’s quant business and Two Sigma has no plans at this point to launch a standalone discretionary hedge fund offering.

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