Business Insider: Hedge fund firm Two Sigma just started selling a risk analysis tool, and it shows how secretive quants are now looking to make money sharing their tech
Posted on November 13, 2019
In the Business Insider article, Dan DeFrancesco highlighted that “Two Sigma has started selling software geared towards helping allocators of assets, such as pensions, endowments, and family offices, get forward-looking insights into the potential risks in their portfolios.
Dan also quoted Jake Dwyer, Venn’s General Manager, describing how the company realized the potential of the product: “Word of the offering began to spread to non-investors that were interested in the same capabilities. By early 2019, Dwyer said, the firm recognized there was a potential commercial opportunity amongst asset allocators that were resource constrained and looking for a better way to manage their investments.”
“Customers can access a less-customizable form of Venn for free, but Dwyer said more than half of those that have signed up have opted for the subscription-based version.”
To read the full article, click here
You can also read here the letter from Venn's GM on our launch.
Two Sigma Investor Solutions, LP (TSIS) issued a press release that includes a partial client list intended to provide a representative selection of different types of Venn subscribers. Subscribers were selected on the basis of industry type and estimated assets under management and not with regard to performance-based criteria. Some media outlets, without TSIS’s participation, have selected a particular subset of TSIS’s original partial list, which reflects different selection criteria (or no criteria) that TSIS did not control. It should not be assumed that any subscriber identified endorses or recommends Venn or TSIS. Certain subscribers receive Venn Pro through a sponsored arrangement with TSIS’s affiliates.
This article is not an endorsement by Two Sigma Investor Solutions, LP or any of its affiliates (collectively, “Two Sigma”) of the topics discussed. The views expressed above reflect those of the authors and are not necessarily the views of Two Sigma. This article (i) is only for informational and educational purposes, (ii) is not intended to provide, and should not be relied upon, for investment, accounting, legal or tax advice, and (iii) is not a recommendation as to any portfolio, allocation, strategy or investment. This article is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. This article is current as of the date of issuance (or any earlier date as referenced herein) and is subject to change without notice. The analytics or other services available on Venn change frequently and the content of this article should be expected to become outdated and less accurate over time. Two Sigma has no obligation to update the article nor does Two Sigma make any express or implied warranties or representations as to its completeness or accuracy. This material uses some trademarks owned by entities other than Two Sigma purely for identification and comment as fair nominative use. That use does not imply any association with or endorsement of the other company by Two Sigma, or vice versa. Click here for other important disclaimers and disclosures.