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 Albert 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 went to Wilde Lake High School in Columbia, Maryland, and then went on to receive 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,[3] director of the Robin Hood Foundation,[3] on the board of trustees of the Institute for Advanced Study,[15] and a board member of the Hamilton Insurance Group.[16]

Personal life

Overdeck and his wife Laura have three children and live in Millburn, New Jersey.[17][1]

Philanthropy

In 2011, John and his wife Laura established the Overdeck Family Foundation, an organization that funds educational research and STEM education.[18][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 5 "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 Appointed to Institute for Advanced Study Board of Trustees". Institute for Advanced Study. Retrieved 2018-07-17.
  16. ↑ "John Overdeck". Hamilton Group. Hamilton Group. Retrieved 8 May 2017.
  17. ↑ Davis, Tom (March 21, 2017). "Meet New Jersey's 6 Billionaires In 2017". Millburn Patch. Retrieved 8 May 2017.
  18. ↑ Flowers, Matt (October 13, 2016). "South Jersey looks to improve STEM ed". Courier Post Online. Retrieved 8 May 2017.
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