Two Sigma’s Macro Compass Enhanced Fund Sank 16% Last Year
- The firm’s Compass hedge fund fell just 6% for the year
- Two other funds made money for the quant giant in 2023
This article is for subscribers only.
Two Sigma Investments’ Compass Enhanced fund fell 16% last year as macro-focused hedge funds struggled with economic uncertainty.
The firm’s Compass fund fell 6%, according to people familiar with the matter. Two Sigma’s Absolute Return Enhanced fund, which trades across various strategies, gained 12% last year. Its equity quant fund, Spectrum, rose 8.6%.