Two Sigma tells clients of $620 million in unexpected gains, losses, Wall Street Journal reports - News Summed Up

Two Sigma tells clients of $620 million in unexpected gains, losses, Wall Street Journal reports


Oct 29 (Reuters) - Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted from unauthorized adjustments, the Wall Street Journal reported. The Securities and Exchange Commission (SEC) is examining the matter, Sunday's WSJ report added, citing sources. The SEC declined to comment on the WSJ report when approached by Reuters. Two Sigma did not immediately respond to requests for a response. Reporting by Akanksha Khushi in Bengaluru; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.


Source: Wall Street Journal October 30, 2023 10:27 UTC



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