When Fournier joined the firm in 2017, around 10% of her platform-engineering group focused on public-cloud work. About 70% of the firm's capacity is on the public cloud, with the remainder hosted in on-premise data centers, Fournier said.Īs Two Sigma's cloud strategy has matured, so too has its hiring of engineers focused on the tech. The $58 billion fund uses a combination of public cloud providers - mostly Google Cloud Platform (GCP), in addition to Amazon Web Services and Microsoft Azure - to host a wide set of programs and applications. Today, the New York-based fund now has a cloud strategy where the majority of its workloads are spread across multiple public clouds. Instead of building more physical data centers, the decision was made to push the fund into the public cloud. Two Sigma, founded by billionaires John Overdeck and David Siegel, is known for pushing the limit on computing and data usage, even amongst its fellow quant peers. Quant funds rely on mathematical and computer-based modeling to make their bets in the market, meaning their demand for computer firepower can often be enormous. That's just enormous, that feels wrong to us," Camille Fournier, Two Sigma's head of platform engineering, told Insider.Īs a quantitative fund, the problem was particularly salient for Two Sigma. "We said, 'You know what, we're not going to build out a 10x physical presence. Two Sigma had a big problem in 2014: the compute power needed for the quantitative fund's research workflows was 10 times greater than what its data centers could provide. Two Sigma execs laid out how the cloud has allowed engineers to work on more innovative projects.The fund now has 70% of its workloads on the public cloud.Two Sigma has been using the public cloud in some form since 2014.Account icon An icon in the shape of a person's head and shoulders.
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