Hedge fund Two Sigma is nothing if not consistent when it comes to pay. Despite increasing profits at its UK arm (Two Sigma International) by 60% to £1.3m in the year to December 31st 2017, and despite hiking headcount by 60% to 34 people, it kept pay static.
Two Sigma International pays an average of £300k ($400k) per head, or thereabouts. It did so in 2016 and it did so again last year.
The figures are included in the newly published accounts for the UK branch of the international quantitative hedge fund, based in London's Basinghall Street. As well as highlighting that Two Sigma pays well, they emphasize both how hard it is to get a job there and how profitable people are when they do.
The chart below shows the distribution of headcount at Two Sigma International last year. With just 34 employees in total, you'll be lucky to get through the CV-checking stage, letting alone the notoriously difficult interview. You're least likely to get a job in modelling. You're most likely to get a job in engineering, where headcount more than doubled (albeit to only 11) in the year to December 2017.
Two Sigma's 34 employees each generated an average £38.5k ($51k) in profits last year. Whilst impressive, this was a lot less than the $332k generated by staff at Goldman Sachs International over the same period.
Whilst the average Two Sigma employee had his/her pay held static in 2017, the fund's highest paid employee in London received a big lift. Two Sigma International says its highest paid director received £847k last year, compared to £752k one year previously.
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