John Overdeck Bio
John Overdeck birth name John Albert Overdeck is an American billionaire. He is a hedge fund manager and philanthropist. He is also the co-founder and co-chairman of Two Sigman Investments. He racked 9th on Forbes highest earning Hedge fund Managers.
John Overdeck Education
Overdeck attended Wilde Lake High School in Columbia, Maryland, He later earned a bachelor’s degree in mathematics and a master’s degree in statistics, both from Stanford University
John Overdeck Age
John was born on 1969 in American
John Overdeck Family
His father Dr. John M. Overdeck of Columbia, Maryland, a retired senior mathematician at Fort Meade, Maryland, for the National Security Agency, Mother late Betsey Lombard Overdeck, who was a director of Computer Sciences Corporation.
John Overdeck Wife
He married Laura Anne Bilodeau on October 12, 2002. She was a principal consultant for SRI consulting. She is the daughter of Emily and Gilbert R. Bilodeau of Westfield New Jersey.
John Overdeck kids
The couple has three children.
John Overdeck Home
He currently resides in Short Hills, New Jersey.
John Overdeck Career
Director. He directed the firms’ Japanese equity and equity-linked investments. He also supervised the firms London investment management affiliate. before starting Two Stigma he had spent 2years at Amazon.com. he first served as Vice President and technical assistant to Amazon.com founder Jeff Bezos.
He later went on to lead customer relationship management at Amazon.com, He also led critical efforts to make Amazon’s customer technology more scalable. John also won a silver medal for the United States in the 27th International Mathematics Olympiad.
John currently serves on the Board of Directors of the Hamilton Insurance Group. In addition to his family’s charitable activities, John also serves on the boards of the Robin Hood Foundation, the Institute for Advanced Study and is the acting Chair of the National Museum of Mathematics.
In 2017, John was honored by the Academy of Achievement for being a pioneer in technology and investment management.
John Overdeck Net Worth
He is estimated to have a net worth of 6.1 billion USD.
John Overdeck Math
He earned a B.S. in Mathematics (with distinction) and a M.S. in Statistics from Stanford University.
John Overdeck David Siegel
The richest hedge fund managers became even richer in 2017. The 25 highest-earning hedge fund managers last year collectively made the most money in four years —and most of the top earners on Institutional Investor’s 17th annual Rich List are among the wealthiest hedge fund managers, a reminder of the power of compounding.
John Overdeck Terence Tao
This story appears in the October 19, 2015 issue of Forbes.
LAST YEAR SOME OF THE nation’s greatest math minds gathered at Manhattan’s elegant Tribeca Rooftop for stunning views, fancy food and wine–and a series of complex equations to determine who among them would be king of the geeks. The annual event was hosted by the Museum of Mathematics, which was underwritten in 2012 by Google and the world’s richest quantitative Wall Street traders, including Renaissance Technologies’ billionaire founder, James Simons.
In the end, there was little surprise that the finals featured Terence Tao, 40, considered one of the greatest mathematicians of this generation. A professor at UCLA, Tao has won the Fields Medal, often described as the Nobel Prize of math, and the $3 million Breakthrough Prize.
But Tao didn’t win that night. He was beaten in the final round by a secretive Wall Street hedge fund manager named John Overdeck, who solved a problem involving infinite sequences and prime factorization. In fact, it was the second time in its short history Overdeck, also a backer of the museum had won the competition.
Like Tao, Overdeck is a math genius, but unlike his contest rival, he never wanted to be a professor. After winning a silver medal at the International Mathematical Olympiad in Poland at age 16, young Overdeck told the Washington Post that writing papers didn’t seem fulfilling and instead he wanted to make the math “do something.”
Do something? How about build the fastest-growing big hedge fund on the planet and make multibillionaires out of its two founders? Overdeck, 45, and partner David Siegel, 54, run Two Sigma Investments, a little-known quantitative hedge fund firm that gathers seemingly random bits of information and tries to detect patterns that can be used to forecast the price direction of stocks and other securities.
They are card-carrying members of the growing tribe of quants who use big data and machine learning in an attempt to beat the market consistently. And they join the ranks of the most successful of such traders, including James Simons (worth $14 billion), Ken Griffin (worth $7 billion) and David Shaw (worth $4.7 billion).
To follow the stock picks of the world’s best billionaire investors, subscribe to Forbes Billionaire’s Portfolio.
Within the last five years, Overdeck and Siegel’s for-profit Wall Street think tank has quietly swelled from $5 billion to $28 billion in assets–one of the biggest hedge funds in America, even besting Simons’ Renaissance. What is yet more impressive is that Overdeck and Siegel’s rocket-science-fueled operation is able to command fees in its biggest fund of 3% of assets and 30% of profits, versus the industry standard of 2-and-20.
The firm’s biggest fund, Spectrum, has earned an annual average return of 9.4% net of fees since 2004. Growth + returns + whopping fees = a great wealth-building formula. This year Overdeck and Siegel debut on The Forbes 400, each with a net worth estimated at $2.8 billion.
John Overdeck Foundation
For information please click here.
John Overdeck Bloomberg
For more information please click here.