John Overdeck

John Overdeck
Residence Millburn, New Jersey
Nationality United States
Alma mater Stanford University
Occupation Hedge fund manager
Known for Co-founder and Co-chairman of Two Sigma Investments
Net worth US$4.8 billion (May 2017)[1]
Spouse(s) Laura Overdeck
Children 3[1]

John Overdeck is an American hedge fund manager and philanthropist. Overdeck is the co-founder and co-chairman of Two Sigma Investments, a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies.[2][3][4][5][6] In 2016, Overdeck reported $375 million in earnings[7] and as of May 2017, Two Sigma Investments has $41 billion in assets under management.[8]

In March 2017, Overdeck ranked 9th on Forbes' Highest-Earning Hedge Fund Managers.[7] According to Forbes, as of May 2017, his net worth was $4.8 billion.[1][9]

Early life and education

Overdeck received his bachelor’s degree in mathematics and master’s degree in statistics from Stanford University. In 1986, Overdeck was an International Mathematics Olympiad silver medalist.[10]

Prior to co-founding Two Sigma Investments, Overdeck was a Managing Director at D.E. Shaw & Co. and Vice President at Amazon.com.[3]

Two Sigma Investments

John Overdeck founded Two Sigma Investments in 2001 with David Siegel and Mark Pickard, who is now retired.[11][12] The company's main office is in New York City with branch offices in Houston, London, and Hong Kong.[13] In January 2015, the firm had $34.21 billion in assets under management and as of May 2017, the firm had $41 billion.[14][8]

Two Sigma Investments also operates a market-making business, owns a Bermuda reinsurance company, and runs a venture capital arm.[1]

Board memberships

Overdeck is Vice Chair of the National Museum of Mathematics, director of the Robin Hood Foundation and the Institute for Advanced Study, and a board member of the Hamilton Insurance Group.[3][15]

Personal life

Overdeck is married to his wife Laura and together they have 3 children and live in Millburn, New Jersey.[16][1]

Philanthropy

In 2011, John and his wife Laura established the Overdeck Family Foundation, an organization that funds educational research and STEM education.[17][3][10]

References

  1. 1 2 3 4 5 "John Overdeck". Forbes. Forbes. Retrieved 8 May 2017.
  2. ↑ Vardi, Nathan (April 3, 2017). "The Machines Are Eating Wall Street". Forbes. Retrieved 8 May 2017.
  3. 1 2 3 4 "Meet the Overdecks". Overdeck Family Foundation. Overdeck Family Foundation. Retrieved 8 May 2017.
  4. ↑ "Two Sigma Investments". Retrieved May 7, 2017.
  5. ↑ Vardi, Nathan (July 11, 2014). "Two Sigma Investments Is Having a Great Year And Becoming A Hedge Fund Powerhouse". Forbes. Retrieved May 7, 2017.
  6. ↑ The World's 100 richest Hedge Funds, Bloomberg Markets
  7. 1 2 "Highest-Earning Hedge Fund Managers 2017". Forbes. Retrieved 8 May 2017.
  8. 1 2 "#529 John Overdeck $3.61B". Bloomberg. Bloomberg. Retrieved 8 May 2017.
  9. ↑ Warren, Michael (May 17, 2017). "These 2 N.J. hedge fund managers made $1.5B last year". NJ. Retrieved 19 May 2017.
  10. 1 2 "John Overdeck". Inside Philanthropy. Inside Philanthropy. Retrieved 8 May 2017.
  11. ↑ Vardi, Nathan (July 11, 2014). "Two Sigma Investments Is Having a Great Year And Becoming A Hedge Fund Powerhouse". Forbes. Retrieved 9 May 2017.
  12. ↑ "John Overdeck And David Siegel Bio, Returns, Net Worth". Insider Monkey. Insider Monkey. Retrieved 9 May 2017.
  13. ↑ Two Sigma. Two Sigma https://www.twosigma.com/contact. Retrieved 9 May 2017. Missing or empty |title= (help)
  14. ↑ "Two Sigma Investments Llc". Octafinance. Retrieved 9 May 2017.
  15. ↑ "John Overdeck". Hamilton Group. Hamilton Group. Retrieved 8 May 2017.
  16. ↑ Davis, Tom (March 21, 2017). "Meet New Jersey's 6 Billionaires In 2017". Millburn Patch. Retrieved 8 May 2017.
  17. ↑ Flowers, Matt (October 13, 2016). "South Jersey looks to improve STEM ed". Courier Post Online. Retrieved 8 May 2017.
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