Bloomberg Billionaires Index

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# John Overdeck

Random fact: Early backer of National Museum of Mathematics.

Overview

Overdeck is the co-owner of Two Sigma Investments, a New York-based hedge fund that manages $41 billion in assets using a quantitative analysis investment strategy. Overdeck founded Two Sigma Investments with co-chairman David Siegel in 2001 after earlier stints at Amazon.com and D.E. Shaw & Co.

As of Sept. 22, 2017:
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Industry Finance
Biggest asset N/A
Citizenship United States
Wealth Self-made
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Relative Value

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Latest News

Net Worth Summary

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Biography

Birthdate:
Family: Married, 3 children
Education: 1989, Mathematics, Board of Trustees of The Leland Stanford Junior University/The, Bachelor's Degree Statistics, Board of Trustees of The Leland Stanford Junior University/The, Master's Degree

Overdeck was born in Maryland into a mathematical family: his father was a senior mathematician at the National Security Agency, his mother a director of satellite communications software devlopment at Computer Sciences Corp. As a teenager, he earned a silver medal at the 1986 International Mathematical Olympiad, placing 22nd among 210 contestants from around the world, according to the organization's website.

He then attended Stanford University, where he received his undergraduate degree in mathematics and a master's degree in statistics. After leaving Stanford, he worked for D.E. Shaw, directing the hedge fund's Japanese equity and equity-linked investments and supervising Shaw's London office. Overdeck later worked at Amazon.com as technical assistant to Jeff Bezos and then as head of customer relationship management developing personalization and target marketing technology, according to a Two Sigma biography.

He founded quantitative hedge fund Two Sigma Investments with David Siegel and Mark Pickard in 2001. They aimed to bring technology and data science together and developed systematic trading systems. The company thrived in the aftermath of the Great Recession, seeing its assets under management triple between 2009 to 2011, according to a report by Alpha Magazine. Today, Siegel and Overdeck own Two Sigma and are co-chairmen and the two owners of the company, located in the SoHo district of Manhattan. Pickard retired in 2001, sold his stake to his partners in 2006, and remains president emeritus.

The billionaire married technology consultant Laura Bilodeau in 2002, according to a New York Times wedding announcement. They live in Short Hills, New Jersey, with their three children.

Milestones
  • 1970 John Overdeck is born. He is raised in Maryland.
  • 1986 Earns silver medal at International Mathematics Olympiad in Poland.
  • 2001 Co-founds Two Sigma Investments with David Siegel.
  • 2002 Marries Laura Anne Bilodeau.
  • 2004 Two Sigma loses petition to be exempt from SEC 13F filings.
  • 2006 Firm sues former software developer for intellectual property theft.
  • 2011 Two Sigma AUM triples from 2009, Alpha Magazine reports.
  • 2014 Two Sigma funds gain 47 percent for the year.