New York-based hedge fund firm Two Sigma Investments has appointed Ali-Milan Nekmouche to lead its new AI and machine learning team, according to a report by Bloomberg.
The internal memo revealed that Two Sigma’s new team will define and implement the firm’s AI and ML strategy, while collaborating closely with other departments. In the interim, Jin Choi and Kan Huang will serve as co-heads of the techniques team, reporting directly to Nekmouche.
Nekmouche’s appointment follows the planned departure of Ken Baron, who is stepping down at 57 as he transitions towards retirement, according to an internal memo seen by Bloomberg. Baron, who has been with Two Sigma since 2008, led the “techniques forecasting” unit, which leverages advanced methodologies including machine learning to inform investment strategies.
Nekmouche has been with Two Sigma since 2004, having joined as a research analyst, according to his LinkedIn profile. Prior to this, he worked at Ernst & Young and BMO Capital Markets.
