Bloomberg: Two Sigma Marshals Squadron of Quants in Push to Help Nonprofits

Two Sigma Investments has a yearly contest where employees submit proposals for business ideas, with some picked for a final presentation on Spark Day, when colleagues vote. A win gives the idea a mandate to move forward.

Five years ago, Ben Wellington and some others at the hedge fund firm won with a pitch to marshal the talents of Two Sigma quants on behalf of the social sector in the same way lawyers work pro bono. Since then, 60 employees have volunteered on 15 projects, using data to give insights into incarceration rates for the Vera Institute of Justice, engaging visitors at the New York Hall of Science and job-training efforts for the Hope Program.

To read the full article, click here

This article is not an endorsement by Two Sigma of the papers discussed, their viewpoints or the companies discussed. The views expressed above reflect those of the authors and are not necessarily the views of Two Sigma Investments, LP or any of its affiliates (collectively, “Two Sigma”). The information presented above is only for informational and educational purposes and is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. Additionally, the above information is not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Two Sigma makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Click here for other important disclaimers and disclosures.

Related Reading

This section links out to multiple articles. To read the article, click the headline.