Key Takeaways
- • Carter Clark Page, director of engineering at Google with ~100 direct reports, joined Two Sigma as head of data engineering in June 2021, marking a significant talent acquisition for the $58 billion quantitative hedge fund.
- • Two Sigma is aggressively expanding its data infrastructure and talent, having also hired Jeffrey Wecker as chief technology officer from Goldman Sachs (where he was the bank's first-ever chief data officer) and scientist Mike Schuster from Google Brain to lead AI expansion efforts.
- • Data architecture is mission-critical at Two Sigma: the firm stores over 20 petabytes of data annually and views engineering as foundational to its investment strategies, with Page reporting directly to CTO Wecker.
- • Two Sigma's data expansion strategy extends to new business verticals, including a recently launched real estate business that will rely heavily on data insights and emerging datasets from IoT devices and private companies.
- • Page's background spans both enterprise and startup ecosystems, including nearly nine years at Google, prior roles at education software firm Amplify and Goldman Sachs-backed ventures, positioning him to scale Two Sigma's data engineering capabilities.
Summary
Two Sigma has recruited Carter Clark Page, a senior Google engineer, as its new head of data engineering, signaling an intensifying focus on data infrastructure as the quantitative hedge fund expands beyond its core investment operations. Page joined the firm at the start of June 2021 after nearly nine years at Google, where he held the rank of director of engineering with approximately 100 engineers reporting to him. His appointment underscores Two Sigma's strategic imperative to strengthen data acquisition and engineering capabilities at a time when the firm is diversifying into new business areas.
Page's mandate will center on data pipeline optimization—sourcing raw datasets and delivering actionable information to investment teams. In an interview with Insider, he articulated the core competitive dynamic driving this hire: "You win a war based on your supply chain. The outcomes are only as good as the basic resources you have." This philosophy aligns with Two Sigma's self-described operational model, which relies on differentiated data insights to power all investment strategies. The firm currently stores more than 20 petabytes—approximately one million gigabytes—of data annually, establishing data volume as a critical operational asset.
Page's hiring fits within a broader talent acquisition push at Two Sigma's leadership layer. He will report to Jeffrey Wecker, the firm's chief technology officer, who was recruited last year from Goldman Sachs, where he served as the bank's first-ever chief data officer. Two Sigma simultaneously hired Mike Schuster, a scientist from Google Brain, to lead artificial intelligence expansion initiatives. Wecker emphasized the firm's data dependency in a statement to Insider: "Two Sigma is a company that highly depends on differentiated data insights to drive all of our investment strategies. Engineering is the foundation which it is all built on."
Two Sigma's data expansion strategy extends beyond traditional financial datasets. The firm recently launched a real estate business expected to leverage its proprietary data capabilities, and leadership has highlighted emerging data sources—including internet-of-things device networks and private companies sharing internal operational data for the first time—as new growth vectors. Page's background, which includes co-founding ventures that serviced major financial institutions (Credit Suisse, Goldman Sachs) and pharmaceutical firms, positions him to architect the infrastructure required to ingest and operationalize these diverse data streams at scale.
Page's mandate will center on data pipeline optimization—sourcing raw datasets and delivering actionable information to investment teams. In an interview with Insider, he articulated the core competitive dynamic driving this hire: "You win a war based on your supply chain. The outcomes are only as good as the basic resources you have." This philosophy aligns with Two Sigma's self-described operational model, which relies on differentiated data insights to power all investment strategies. The firm currently stores more than 20 petabytes—approximately one million gigabytes—of data annually, establishing data volume as a critical operational asset.
Page's hiring fits within a broader talent acquisition push at Two Sigma's leadership layer. He will report to Jeffrey Wecker, the firm's chief technology officer, who was recruited last year from Goldman Sachs, where he served as the bank's first-ever chief data officer. Two Sigma simultaneously hired Mike Schuster, a scientist from Google Brain, to lead artificial intelligence expansion initiatives. Wecker emphasized the firm's data dependency in a statement to Insider: "Two Sigma is a company that highly depends on differentiated data insights to drive all of our investment strategies. Engineering is the foundation which it is all built on."
Two Sigma's data expansion strategy extends beyond traditional financial datasets. The firm recently launched a real estate business expected to leverage its proprietary data capabilities, and leadership has highlighted emerging data sources—including internet-of-things device networks and private companies sharing internal operational data for the first time—as new growth vectors. Page's background, which includes co-founding ventures that serviced major financial institutions (Credit Suisse, Goldman Sachs) and pharmaceutical firms, positions him to architect the infrastructure required to ingest and operationalize these diverse data streams at scale.
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