John Albert Overdeck (born 1969) is an American billionaire hedge fund manager. 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] In 2016, Overdeck reported $375 million in earnings[6] and as of May 2017, Two Sigma Investments has $41 billion in assets under management.[7]
In March 2019, he was named one of the highest-earning hedge fund managers and traders by Forbes.[8]
Early life
Overdeck is the son of Dr. John M. Overdeck of Columbia, Maryland, a retired senior mathematician at Fort Meade, Maryland, for the National Security Agency, and the late Betsey Lombard Overdeck, who was a director of Computer Sciences Corporation.[9]
Overdeck went to Wilde Lake High School in Columbia, Maryland. In 1986, he was an International Mathematics Olympiad silver medalist.[10] He then earned a bachelor's degree in mathematics and a master's degree in statistics, both from Stanford University.[11]
Prior to co-founding Two Sigma Investments, Overdeck was a managing director at D.E. Shaw & Co., and a vice president at Amazon.com.[3]
Two Sigma Investments
Overdeck founded Two Sigma Investments in 2001 with David Siegel and Mark Pickard, who is now retired.[12][13] The company's main office is in New York City with branch offices in Houston, London, and Hong Kong.[14] In January 2015, the firm had $34.21 billion in assets under management and as of May 2017, the firm had $41 billion.[7][15]
Two Sigma Investments also operates a market-making business, owns a Bermuda reinsurance company, and runs a venture capital arm.[1]
Wealth
In March 2017, Overdeck ranked 9th on Forbes' Highest-Earning Hedge Fund Managers.[6]
As of March 2019, his net worth was $6.1 billion,[1][16] making him one of the highest-earning hedge fund managers and traders by Forbes.[8]
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