Two Sigma co-founder Overdeck defends $723m divorce settlement offer
Two Sigma Investments co-founder John Overdeck has defended a proposed $723m settlement for his wife Laura as a fair division of wealth accumulated during their 24-year marriage, while disputing her claim to a substantially larger share of his stake in the quantitative hedge fund, according to a report by Bloomberg.
John Overdeck, co-founder of Two Sigma Investments, has defended a proposed $723 million settlement for his wife Laura in their divorce case. He contends that a portion of the increase in the value of his Two Sigma stake during their 24-year marriage should be hers, but argues that her demand for 35% of the stake is unjustified.
Overdeck values his holding at around $4.9 billion, while his wife claims it's worth approximately $6.2 billion, seeking 35% of that value. The proposed settlement includes assets already withdrawn by Laura, such as about $75 million from their accounts before filing for divorce in January 2022. He also addressed his compensation from Two Sigma, stating he received about $685 million during their marriage, which he described as highly negotiated and substantially higher than any other employee's pay.
Overdeck acknowledged his role in the investment returns generated by Two Sigma but maintained that his compensation represented no more than 10% of the firm's total payouts.
Written by urgent.news from Hedgeweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
