Two Sigma Unit Gets Up to $500 Million From Massachusetts Fund
- Pension commits $1.7 billion to Sightway and 11 other funds
- Private equity was the pension’s best performer last year
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Sightway Capital, which is owned by hedge fund Two Sigma, is getting a big check from a state pension fund.
The Massachusetts Pension Reserves Investment Trust approved investing as much as $500 million in Sightway, a company which was created out of Two Sigma’s private investment arm in 2017 and targets emerging companies in transportation, real estate and other industries. Sightway’s investors include Two Sigma co-founders John Overdeck and David Siegel, according to documents from the pension board’s meeting on Tuesday.