(Bloomberg) A rift between the billionaire co-founders of Two Sigma Investments over the firm’s organization and succession plans, as well as other disputes, could pose a threat to its clients. Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeNoises Detected in Search for Missing Titanic SubmersibleWhat We Know About the Missing Titanic SubmersibleTitanic Explorer Says Two Likely Disaster Causes A
(Bloomberg) Two Sigma Investments plans to ask staff to return to the office in September and will experiment with a hybrid model that allows them to work remotely two days a week.Employees should expect the change to take effect after Labor Day, “but that’s going to depend on the science, the availability of vaccines, and schools opening, global regulations,” Two Sigma Chief Technology Officer Jeff Wecker said Monday during the AI and Data Science in Trading conference.The $58 billion quant firm, which has gradually allowed some staff to return to its U.S. offices, plans to re-evaluate the hybrid model before the middle of next year. Most employees have been working remotely since last March.“We learned a lot obviously working from home,” Wecker said. “I certainly feel that the world has changed and we’re trying to accommodate people as best we can.”Wecker joined New York-based Two Sigma in July from Goldman Sachs Group Inc.