Two Sigma Investments' real estate unit is pausing new investments and has stopped raising money, Bloomberg reported.
Rich Gomel, who joined the quantitative hedge fund five years ago to spearhead the real estate unit, is leaving the company, according to The Real Deal's account of Bloomberg's reporting. Two of the three remaining partners in the unit are also departing, the report said.
The unit, which focuses on housing and industrial deals, opened its door to outside capital two years ago, per the report.
Reported by the Fundraising desk from The Real Deal — National and Bloomberg (via The Real Deal). Published . Corrections