NEW YORK – August 24 – Two Sigma today announced that it has acquired Hivemind’s software platform, which combines automation and distributed human intelligence to distill semi- and unstructured data sources into high-quality, machine-readable data sets. Hivemind’s software will be integrated into Two Sigma’s data engineering platform to enhance data preparation, data workflow, and machine learning capabilities.
Separately, Two Sigma welcomed several former Hivemind data science and engineering team members to its London office.
“Two Sigma is fundamentally a data-driven organization. By integrating Hivemind’s software into Two Sigma’s infrastructure, we will increase the efficiency and accuracy of our alternative data workflows—a key input in our modeling and machine learning practices,” said Jeff Wecker, Chief Technology Officer at Two Sigma. “We are excited to see the positive impact that Hivemind’s software, as well as the skilled data scientists and engineers that have joined our London office, will have on our business.”
Hivemind follows Two Sigma’s acquisition of Liberty Source, an onshore, socially responsible solution for data workflow management services, and Two Sigma’s strategic investment in Crux, an accessible, cost-effective data delivery and engineering operations service, as the company continues to grow its data engineering platform and optimize the data collection value chain.
Two Sigma acquired the Hivemind software platform from Hivemind Technologies Limited, whose shareholders include Winton Group Limited, Fidelity International Strategic Ventures, and Barclays.
About Two Sigma
Two Sigma is a financial sciences company, combining rigorous inquiry, data analysis, and invention to solve the toughest challenges in investment management, insurance, securities, private equity, and venture capital. Founded in 2001 by David Siegel and John Overdeck, Two Sigma employs over 1,800 creative minds, and has offices in New York, Houston, Portland, London, Tokyo, Hong Kong and Shanghai. For more information visit www.twosigma.com
About Winton Group
Winton Group is a research-based investment management company with a specialist focus on statistical and mathematical inference in financial markets. The firm’s quantitative investment strategies are implemented systematically across thousands of securities, spanning the world’s major liquid asset classes. Founded by David Harding in 1997, Winton manages assets on behalf of some of the world’s largest institutional investors. For more information, please visit www.winton.com.
About Fidelity International
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $767.6 billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.
Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $574.9 billion on behalf of our clients. By combining asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Data as of 31 March 2022. Read more at fidelityinternational.com
Barclays is a British universal bank. The firm is diversified by business, by different types of customer and client, and geography. Barclays’ businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by the firm’s service company which provides technology, operations and functional services across the Group.