Two Sigma

Two Sigma is a sponsor for the Carnegie Mellon Informatics and Mathematics Competition (CMIMC).

History
In 2001, Two Sigma was founded by John Overdeck, David Siegel, and Mark Pickard. The website states "Two Sigma is chosen to reflect the duality of the word sigma. A lower case sigma denotes the volatility of an investment's revenue over a given benchmark, and another upper case sigma denotes sum. By adding together the volatilities of individual positions measured against the benchmark, Two Sigma can amplify forecast signals." Although the company's main offices is in New York City, it has other offices in Houston, London, and Hong Kong. In October 2013, Two Sigma joined with Stephen Hannahs to form Wings Capital Partners. Near the end of 2016, Two Sigma created Haline, a game used to try to build smart bots. In early 2017 Two Sigma used gradnsourcious options to find trading signals. In March 2017, Two Sigma ran a competition on Kaggle to code trading algorithms.

Success
Two Sigma is noted for having a very high rate of return., compared to some of its competitors like D.E. Shaw & Co and Renaissance Technologies. By November 20011, the fund managed $8 billion. By October 2014, the fund managed $23 billion. By the end of 2015, the fund managed $32 billion. In 2016, it was ranked #11 in Penta's Topo 100 Hedge Funds. By October 2017, the fund managed more than $50 billion.

Specialized Divisions
There are four specialized divisions in Two Sigma.
 * Two Sigma Private Investments (Two Sigma PI)
 * Two Sigma Ventures
 * Two Sigma Advisers LLC
 * Two Sigma Securities LLC