The secretive data-driven investment firm: When quant shop Two Sigma launched, it set up more like a tech company than a financial services firm. It hired people with master’s degrees in data science, not MBAs. Two Sigma aimed to be a technology and engineering firm competing with the likes of fledgling internet titans like Google and Amazon and not Wall Street giants like Goldman Sachs. Here’s the story on the $60 billion quant powerhouse’s early days. (Institutional Investor) “The reality is that most people who set out to do quantitative investing fail. The ones who succeed are the exception.”