![]() ![]() “Two Sigma’s approach, which relies heavily on computer-driven trading, may not seem a natural fit with the Shanghai market, where retail investors account for about four-fifths of trading volumes, and which is prone to periods of high volatility”, according to a Financial Times report in June last year. The firm’s use of quant funds in China’s less mature market have been called into question. Lam joined Two Sigma in April last year and he was formerly president of Shanghai-based wealth manager Noah, according to a statement from the firm. “We will continue to expand the China team and local infrastructure to support our development of a domestic fund management business and use our data science methods and advanced technologies to serve clients in China,” Kenny Lam, chief executive officer of Asia-Pacific for the firm, said last year. Two Sigma is squarely focused on quant funds, using “machine learning, distributed computing and other technologies to find connections in the world’s data”, according to its website.įSA sought more information, but the firm was unable to reply in time for publication. The firm obtained an investment management WFOE licence in November 2018. The licence enables foreign entities to develop and sell funds investing in onshore assets to domestic qualified investors, which include institutional and high net worth investors. This move comes after the firm was approved for a PFM license in September last year. ![]() Two Sigma’s wholly-foreign owned enterprise (WFOE) in Shanghai, Two Sigma China, recently received the approval for its China Juliang Macro Strategy No 1 Private Securities Investment Fund, according to the Asset Management Association of China (Amac). ![]()
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