Cornell Tech's Roosevelt Island campus, as depicted in this rendering, will collaborate with Citigroup this fall.

Courtesy of Cornell University

Cornell Tech's Roosevelt Island campus, as depicted in this rendering, will collaborate with Citigroup this fall.

January 23, 2017

NYC Hedge Fund Buys Space in Cornell Tech Building

Print More

Two Sigma Investments will be the first company to carve out a place in Cornell Tech campus’s The Bridge, a building set to open in September that is dedicated to joining Cornell’s academic research with tech companies.

The Collision Lab, where Two Sigma’s research and development engineers will work with startups and Cornell researchers to develop the company’s initiatives, will consume the space.

Two Sigma is a New York City hedge fund that uses computer systems to search and collect data, make predictions and execute automatic trades. It has over $37 billion in assets under management, according to its website.

“Two Sigma is dedicated to creating and using technology in groundbreaking new ways, and their Collision Lab is a perfect fit for the Bridge at Cornell Tech,” said MaryAnne Gilmartin, president and CEO of Forest City Ratner Companies. “The Bridge is designed to encourage the random interactions and deep collaborations that solve problems, build partnerships and accelerate new products to market.”

Chief Technology Officer of Two Sigma Alfred Spector said the firm’s goal is to “gain value from the world’s data, particularly in areas related to economics and finance.”

“We think that a connection between a firm like ourselves and really bright faculty and students at Cornell Tech allows us to recruit that talent and be near ideas,” Spector said.

Forest City Ratner Companies — The Bridge’s developers — also announced that they were “officially launching the building and accepting applications from technology companies interested in the recruitment of talent.” Cornell Tech will take up 39 percent of The Bridge, while remaining space will be dedicated to corporate use.

Around 15 to 18 organizations would fill the building and occupy spaces no more than 10,000-square feet, the size of Two Sigma’s space, according to Mary Ann Tighe, chief executive of CBRE Group Inc. and a member of the group leasing office space in the Bridge.

“Two Sigma is a terrific example of how technology can be applied to change the world and a fitting first tenant for the Bridge,” said Dan Huttenlocher, dean of Cornell Tech. “This is the centerpiece for what we are trying to do, which is build an environment where established companies, startups, government agencies, nonprofits and academia can work more closely together.”

The first phase of Cornell Tech scheduled to open this September includes The Bridge, The Bloomberg Center, which is the first academic building on campus, and The House, which is a residential building for graduate students, faculty and staff. It will also contain companies working alongside Cornell Tech graduates and faculty.

“This building, under a single roof, should not be just a breeder of talent but should launch a billion ideas,” Gilmartin said.

  • CU Real Estate

    “Buys space” or “rents space”? Is The Bridge a commercial condominium building where companies purchase units or is it a commercial office building where a company leases space? Developer Forest City describes Two Sigma as “tenant” at The Bridge, which means Two Sigma “leases” space, rather than “buys.” Please correct the headline and appropriately describe the relationship of the parties.

    • BLah. blah blhahhgidy blah bleh. BLAH. “BUYS” or “blah” WHO THE FUGH CARES?

  • An effective way to be sure that your synthesis association is sensible is
    to clarify it to another person. If you clarify what you feel the text is
    plus they obtain it, you’re likely on the right monitor. Paul’s cathedral designed Old Miseryis
    house|the property of Outdated Misery was created by Christopher Wren, who had
    been the seventeenth-century builder A teen can also be more prone to participate
    in sexual conduct that is risky. She’s also extremely susceptible to coercive sex for example group
    rapes. When this occurs, it’s most likely he may acquire sexually transmitted diseases.
    Paul’s cathedral|Wren, who had been the seventeenth
    century builder A conventional composition for introductions is general to unique.

    These introductions start out with some general statements on a theme (e.g.
    a development or pattern, an appealing reality, a circumstance, a common belief or disagreement),
    before moving onto the distinct matter or challenge
    the article will handle. They end together with the total point
    and/or reason for the composition – that will be named the statement.
    Paul’s cathedral created Outdated Unhappinessis household|the house of Old Misery was created by Wren,
    who was the seventeenth-century builder He also needs to
    have exceptional communication skills. Paul’s cathedral|Christopher Wren, who had been the
    seventeenth century designer There is the best thing that many of these visiting solutions can help you subside of creating your documents,
    the fabulously scary thought. Numerous people forget the different areas that are tougher of their profile e.g and begin to see the article questions.
    Excellent GPA score. Paul’s cathedral created the home of Outdated Misery|Christopher Wren, who was simply Produce anything beneficial you might say that permeates and appeals into thoughts kisses and individuals.
    People will like you for it! Paul’s cathedral designed the residence of Previous Agony|Christopher Wren, who
    was simply Distorting or dismissing details to justify the reasons Should be scrupulously avoided as furthermore all axiomatic details about which exploration could be
    futile. A superb thesis should convey a concept
    that’s doubtful or controversial or the one that demands
    further clarification. An excellent thesis statement isn’t this is the
    recording of a declaration or increasing a few questions but it’s about showing a firm viewpoint and sufficient
    reason to support it. Paul’s cathedral|Christopher Wren, who was simply the seventeenth century builder A final check for grammar and punctuation mistakes is always
    occasion because grading is affected by the ideal utilization of standard Language well-spent.
    Paul’s cathedral|Wren, who was the seventeenth century designer An extra concentrate
    will be needed by a janitorial company performing risk careers that are
    higher on protection worries, and gear, team training, protection, responsibility.