Two Sigma China Co. has been registered as a private fund manager with the Asset Management Association of China.
Two Sigma, New York, incorporated Shanghai-based Two Sigma China as a wholly foreign-owned enterprise in November 2018, prior to seeking registration with AMAC. The private-fund manager registration allows Two Sigma to develop and offer inshore investment strategies for qualified investors in China, a company news release said.
"We endeavor to be a valuable investment partner for Chinese clients and support China opening up its financial markets to the world," said Carissa Xu, managing director and general manager at Two Sigma China, in the news release, adding, "China continues to make strides to welcome outside investment management firms to work with a broad and growing investor base."
Two Sigma spokesman Jesse Comart said the firm manages a total of $60 billion, but said Two Sigma "cannot talk about specific funds or allocations" in response to a request for information about how much the New York-based firm currently manages in China.