Quant Researcher Jian Wu: Accused of Model Tampering at Two Sigma

• Accused of unauthorized model changes, generating $620 million in unexpected gains and losses.
• $450 million allegedly benefited specific funds.
• Accusations shed light on Wu’s otherwise private professional life.

Jian Wu, a 33-year-old researcher at Two Sigma Investments, is accused of making unapproved changes to the hedge fund’s investing models, resulting in $620 million in unanticipated gains and losses, $450 million of which benefited specific funds. Tampering was discovered in the summer of 2023 when strange correlations in trading models were discovered.

Wu, who was born in Hefei, China, in 1990, received his bachelor’s degree from Tsinghua University in 2011 and his doctorate from Cornell University in 2017. Wu is currently on administrative leave while being a senior vice president of Two Sigma.

Wu is a married man who prefers to keep his personal life secret. He married on April 25, 2017. However, no information about his wife or family has been released. Wu, who stands 5 feet 6 inches tall, had worked at Citadel and Cornell University before joining Two Sigma in 2018.

As of 2023, Wu’s net worth is expected to be $1 million, reflecting his years of expertise as a quantitative researcher, where he earned a six-figure annual salary. The growing scenario shines a light on this quantitative professional’s otherwise private existence.

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