Two Sigma Joins China Hedge Fund Elite After Strategy Soars 52%

Two Sigma Investments’s assets under management in China swelled to more than 10 billion yuan ($1.4 billion) for the first time, as strong returns lured wealthy investors and vaulted the firm to a spot among the country’s elite hedge funds.

The New York-based company’s Shanghai unit raised more than 1 billion yuan for its two onshore products this month, adding to existing assets of more than 9 billion yuan, according to people familiar with the matter. About three quarters of the new cash will go into a China equity strategy that soared 52% this year through Sept. 30, they said, declining to be named as the matter is private.