Two Sigma Takes Quant Expertise Into Real Estate Investing
- Hires Rich Gomel from WeWork as chief investment officer
- Firm plans to bring data science savvy to property sector
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Two Sigma is starting a group to invest in private real estate assets as the $58 billion quant firm seeks to expand its data-science expertise into non-public markets.
Rich Gomel, most recently managing partner of WeWork’s real estate investment platform, has joined as chief investment officer of Two Sigma Real Estate, the company said. Tom Hill will be chief executive officer. It will be part of the firm’s $3 billion private investment business, which Hill also leads.