Hedge funds Renaissance Technologies and Two Sigma Investments have both posted large gains in assets under management as investors flock to their data-driven factor and quant-based products. Two Sigma Securities announced this week that it had purchased the global options market-making business of Interactive Brokers. The two firms are among the most active players in this space, with a combined $23 billion of assets. Both companies have seen their assets under management rise to $45bn, with Renaissance overseeing $27bn at the start of 2016 and Two Sigma looking after $32bn at the same point.
Hedge funds Renaissance Technologies and Two Sigma Investments have both posted large gains in assets under management as investors flock to their data-driven factor and quant-based products. The two firms are among the most active players in this space, with a combined $23 billion of assets. Both companies have seen their assets under management rise to $45bn, with Renaissance overseeing $27bn at the start of 2016 and Two Sigma looking after $32bn at the same point.