Two Sigma Hedge Fund Replaces John Overdeck and David Siegel as Co-C.E.O.s

Published On Aug 28, 2024, 12:30 PM

Two Sigma, a prominent hedge fund, has announced the departure of its co-founders and co-CEOs, John Overdeck and David Siegel, due to a longstanding feud that has negatively impacted the firm's operations. New leadership, including Carter Lyons and Scott Hoffman, will take over on September 30. The firm has also provided an option for investors to redeem their investments until September 18, amidst concerns about its stability and troubled management. The firm currently manages approximately $60 billion in assets, but internal conflicts and a recent lawsuit involving Overdeck have raised alarms about its future performance.