Two Sigma Advisers, LP (New York)


Two Sigma Advisers, LP is a large advisory firm based in New York. It manages $78.33 billion of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Two Sigma Advisers provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Two Sigma Advisers: assets under management

The assets under management (AUM) of Two Sigma Advisers, LP is $78.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 149% since the beginning of its operation, and $59.89 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $78.33 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.06 billion each.
Two Sigma Advisers has custody of $28.64 billion in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 47% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Two Sigma Advisers, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Two Sigma Advisers serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Two Sigma Advisers is pooled investment vehicles with 32 clients and $66.05 billion of assets under management. Among the 8 most similar advisory firms, Two Sigma Advisers has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $68.46 billion for 33 clients. 63% of the firm’s clients are foreign persons or businesses.

Two Sigma Advisers also advises several private funds. Namely, forty hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Two Sigma Advisers, LP

The company employs 100 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Geoffrey P Duncombe has served as the Chief Investment Officer since 1 Jan 2016 and Nobel (Nmn) Gulati is the Chief Executive Officer of Two Sigma Advisers, LP family office. Satish Ramakrishna joined the executive team most recently as the Chief Risk Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Albert Overdeck Co-chairman 1 Dec 2001 Other 2280794
David Mark Siegel Co-chairman 1 Dec 2001 Other 2197031
Matthew Brady Siano General counsel 1 Jul 2004 Other 5032060
Llc Two Sigma Management General partner 1 Dec 2005 Other 20-3495735
Nobel (Nmn) Gulati Chief executive officer 1 Jun 2007 Other 2765281
John Michael Overdeck Trustee of overdeck family gst exempt trust 1 Dec 2007 Other 6317393
Bertram Siegel Trustee of siegel family gst exempt trust 1 Dec 2007 Other 6317811
John Albert Overdeck Trustee of john a. overdeck revocable trust 1 Dec 2007 25% - 50% 2280794
David Mark Siegel Trustee of david m. siegel revocable trust 1 Dec 2007 25% - 50% 2197031
Overdeck Family Gst Exempt Trust Limited partner 1 Jan 2008 Other 36-7645245
Siegel Family Gst Exempt Trust Limited partner 1 Jan 2008 Other 36-7117258
Peter Francis Desmond Chief strategy officer 1 Jul 2008 Other 5031996
Dawn Marie Schoppner Controller 1 Sep 2010 Other 5771776
Kevin Michael Farley Chief compliance officer 1 Jun 2013 Other 2737720
Joseph Anthony Cua Chief risk officer 1 Nov 2014 Other 6429130
Geoffrey P Duncombe Chief investment officer 1 Jan 2016 Other 4439296
Carsten Nmn Otto Chief compliance officer 1 Nov 2016 Other 2688833
Satish Ramakrishna Chief risk officer 1 Dec 2018 Other 2944925

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
John A. Overdeck Revocable Trust Member 1 Jan 2008 25% - 50% 26-6160471
David M. Siegel Revocable Trust Member 1 Jan 2008 25% - 50% 26-6160503

Based in New York

The principal office where Two Sigma Advisers, LP performs its advisory services is located at 100 Avenue Of The Americas, New York, NY 10013 1689, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 625-5700 or by fax (212) 625-5800. The normal business hours are monday (8 am est) through friday (6 pm est) on Monday - Friday. You can find more information about the New York firm at twosigma.com.