We believe the Good Job Score has the potential to be the core voice-of-worker metric for measuring and benchmarking job quality.” “Through our research and our engagement with like-minded organizations, we realized there was no true definition of a good job and that existing employee satisfaction surveys were too focused on what companies want – greater productivity – rather than what workers want – good jobs. This successful fundraise underscores their conviction in Two Sigma’s differentiated approach to impact investing through our focus on job quality and drawing on our firm’s deep expertise in data science and technology,” said Warren Valdmanis, a Partner at Two Sigma Impact. ![]() “We are extremely grateful for the support from our investors in our inaugural Impact Fund. Two Sigma Impact is currently working with its companies to administer the GJS Assessment Tool across its portfolio and will seek to use it while evaluating prospective new investments. The GJS Assessment Tool evaluates job quality and worker satisfaction through the administration of a 12-item questionnaire across what Two Sigma Impact has defined as the four key dimensions of a Good Job: Leadership, Purpose, Growth and Fairness. As of April 1, 2023, the Fund has invested approximately $370 million.īuilding on its investment portfolio, Two Sigma Impact has concurrently launched the Good Job Score Assessment Tool (“the GJS Assessment Tool”), an instrument designed to assess job quality in a quantitative manner. The Fund has made six investments in companies spanning healthcare, consumer, education & training, and business services, partnering with management teams that are aligned with its focus on job quality and workforce issues. Two Sigma Impact invests in human capital-centric businesses where employees are critical to the delivery of a service or product. The successful fundraise received support from a range of institutional investors, including pension funds, endowments, foundations, and family offices, along with capital from the Two Sigma Impact team and Two Sigma leadership. Two Sigma Impact aims to bring scientific rigor to impact investing and to use data science and technology resources to drive superior financial returns by unlocking human potential. Two Sigma Impact received a total of $677 million in capital commitments to the Fund and its managed co-investments. SWFI is a minority-owned organization.New York – Ap– Two Sigma Impact, a mission-driven private equity business, today announced the close of its inaugural Impact Fund (“the Fund”). SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. No affiliation or endorsement, express or implied, is provided by their use. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. © 2008-2023 Sovereign Wealth Fund Institute. ![]() By purchasing this article, you agree to SWFI terms of service. Online and PDF access of your article will be available 30 days from purchase. There are no refunds for purchasing SWFI news articles. When you purchase this article, you will be provided a unique link to view the full article and see your payment receipt. If you are not automatically redirected, click here. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox The co-founders are arguing about succession plans and other governance issues. John Overdeck and David Siegel founded Two Sigma, which manages money for pensions, foundations, and some sovereign wealth funds, back in 2001. Smoke Appears About a Possible Succession Issue at Two Sigma InvestmentsĪ March 2023 filing to IAPD shows a divide between the billionaire co-founders of hedge fund Two Sigma Investments.
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