Two Sigma Investments’s assets under management in China swelled to more than RMB 10 billion ($1.4 billion) for the first time, as strong returns lured wealthy investors and vaulted the firm to a spot among the country’s elite hedge funds, reports Bloomberg.
The New York-based company’s Shanghai unit raised more than RMB 1 billion for its two onshore products this month, adding to existing assets of more than RMB 9 billion, according to people familiar with the matter. About three quarters of the new cash will go into a China equity strategy that soared 52% this year through Sept. 30, they said, declining to be named as the matter is private.
Two Sigma has become the second global asset manager, alongside larger rival Bridgewater Associates, to grab a spot in the RMB 6 trillion market’s top league of predominantly Chinese firms. The ranking upgrade could help to bolster the firm’s brand recognition and win it more clients from local rivals such as Zhejiang High-Flyer Asset Management, the quant that incubated artificial intelligence startup DeepSeek.