Two Sigma Investments, LP
Registered investment adviser · New York, NY · CRD #137137
Form ADV data as of 2026-09-01Regulatory assets
$232.82 billion
Total accounts
42
Employees
1,555
Disclosure events
4
Firm details
- Website: https://www.twosigma.cn/
- Telephone: (212) 625-5700
- SEC file number: 801-70476
- Most recent Form ADV filing: 2026-03-31
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 4 disclosure questions answered Yes, covering 4 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- A self-regulatory organization found a violation of its rules
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $232.82 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $232.82 billion |
| Discretionary accounts | 42 |
| Non-discretionary accounts | 0 |
| Total accounts | 42 |
| Regulatory assets under management attributable to non-U.S. persons | $87.16 billion |
People
| Total employees (excluding clerical) | 1,555 |
| Employees performing investment advisory functions (including research) | 784 |
| Employees who are registered representatives of a broker-dealer | 116 |
| Employees registered as investment adviser representatives with a state | 0 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $70.08 billion |
| Clients for whom the firm has custody | 38 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $43.83 billion |
| Clients for whom a related person has custody | 31 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 42 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Brokers or dealers selected under 8.C.(3) are related persons
- Receives soft dollar benefits
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Investment companies | 1 | $1.02 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 39 | $229.37 billion |
| Sovereign wealth funds and foreign official institutions | 1 | $228.5 million |
| Corporations or other businesses not listed above | 1 | $2.20 billion |