Blackstone to back Two Sigma veteran's quant hedge fund startup

Two Sigma has appointed Tom Hill, a former executive at Blackstone, as chairman of its private investment business, signaling a strategic shift in the firm’s approach to private markets. Hill, who previously led Blackstone’s alternative asset management unit, brings over 25 years of experience in private investing and has been consulting with Two Sigma since 2019. In his new role, Hill will oversee the firm’s private equity and venture capital divisions, including Two Sigma Impact, Two Sigma Ventures, and Sightway Capital.

Two Sigma has been expanding its presence in private markets for over a decade, leveraging its expertise in data science and technology to develop new investment strategies. The firm’s private investment businesses focus on data-rich industries and transformative ventures, aiming to deliver differentiated returns while addressing broader societal challenges.

Hill’s appointment underscores Two Sigma’s commitment to applying a scientific approach to private investing. His leadership is expected to accelerate advanced analytics integration across the firm’s portfolio companies. With a track record of growing Blackstone’s hedge fund business to over $75 billion in assets under management, Hill is well-positioned to guide Two Sigma’s private investment strategy forward.