For Two Sigma’s Feuding Billionaires, a Truce on the Way Out
- Hostility between the two men has simmered for years
- Some fear the former CEOs will continue to clash as advisers
David Siegel and John Overdeck
Photographer: Jeenah Moon/Bloomberg, Thos Robinson/Getty ImagesThis article is for subscribers only.
It’s difficult to say precisely when the feud began between billionaires David Siegel and John Overdeck — the slights and bruised egos stretch back at least a decade — so start here, with the chef’s hat incident.
In 2015, Forbes magazine described Overdeck as the “master chef” at hedge-fund giant Two Sigma Investments, and Siegel as the “manager.” To rub it in, Overdeck wore a toque blanche to a meeting. Siegel stewed for days.