Hedge Fund Billionaire Fights Wife and Co-Founder at the Same Time
John Overdeck, co-founder of the $85 billion quant hedge fund Two Sigma, is fighting two simultaneous wars.
The WSJ reports on a bitter divorce with wife Laura over his $723 million settlement offer (she wants a much larger share of his multibillion-dollar stake), and a long-running power struggle with co-founder David Siegel over control of the firm.
He’s trying to keep the divorce from costing him equal footing with Siegel
Money Doesn’t Buy Happiness But Apparently It Buys a $633 Million
“Here, Take This and Go Away” Check
“Two Sigma Investments’ billionaire co-founder John Overdeck schemed to leave his wife Laura“with as little as possible,” her lawyer said as the couple’s divorce trial began, an amount she pegged at $633 million.
During opening statements Wednesday, Theresa Lyons, Laura’s lawyer, compared that figure to the more than $10 billion she said John made over the past nine years.
Lyons said the quantitative hedge fund titan had “methodically and strategically” plotted for decades to keep most his wealth from his wife in the event of a divorce….”