Two Sigma named Sarah Fass its chief people officer, a newly created role for the hedge fund manager.
Fass will step into the role in March 2025 and lead Two Sigma’s human resources team. She will report to the firm’s co-chief executive officers Scott Hoffman and Carter Lyons, according to a news release.
Two Sigma has gone through some upheaval and leadership changes in recent months after its feuding co-founders John Overdeck and David Siegel stepped down as co-CEOs. Hoffman and Lyons were appointed co-CEOs effective Sept. 30. Overdeck and Siegel serve as co-chairmen of the firm.
Two Sigma has over 2,000 employees across its affiliate businesses, including real estate and venture capital. Two Sigma had approximately $60 billion in assets under management as of Nov. 1.
Talent recruitment and management have become increasingly competitive in the hedge fund space in recent years.
Fass will focus on Two Sigma’s “people, culture, and employee experience,” including building and implementing programs for employees, according to the news release.
Major pension funds have been past investors in Two Sigma including the State of Wisconsin Investment Board and the Sacramento County (Calif.) Employees' Retirement System, according to Pensions & Investments research center data.
