John Overdeck

Overdeck is the son of Dr. John M. Overdeck of Columbia, Maryland, a retired senior mathematician at Fort Meade, Maryland, for the National Security Agency, and the late Betsey Lombard Overdeck, who was a director of Computer Sciences Corporation.

Overdeck went to Wilde Lake High School in Columbia, Maryland. In 1986, he was an International Mathematics Olympiad silver medalist. He then earned a bachelor's degree in mathematics and a master's degree in statistics, both from Stanford University.{{cite web|title=John Overdeck|url=https://www.insidephilanthropy.com/wall-street-donors/john-overdeck.html|website=Inside Philanthropy|access-date=8 May 2017|archive-date=23 February 2017|archive-url=https://web.archive.org/web/20170223060906/http://www.insidephilanthropy.com/wall-street-donors/john-overdeck.html|url-status=live}}{{cite web|last=|first=|date=27 February 2019|title=Top Quants Compete in Devilishly Tough Math Competition|url=https://www.bloomberg.com/news/articles/2019-02-27/two-sigma-quants-compete-in-devilishly-tough-math-competition|url-status=live|archive-url=https://web.archive.org/web/20190616061137/https://www.bloomberg.com/news/articles/2019-02-27/two-sigma-quants-compete-in-devilishly-tough-math-competition|archive-date=16 June 2019|access-date=12 September 2020|website=Bloomberg.com}}

Prior to co-founding Two Sigma Investments, Overdeck was a managing director at D.E. Shaw & Co., and a vice president at Amazon.com.

Overdeck founded Two Sigma Investments in 2001 with David Siegel and Mark Pickard, who is now retired.{{cite magazine|last1=Vardi|first1=Nathan|title=Two Sigma Investments Is Having a Great Year And Becoming A Hedge Fund Powerhouse|url=https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/#3a108b646b84|access-date=9 May 2017|magazine=Forbes|date=July 11, 2014|archive-date=25 October 2017|archive-url=https://web.archive.org/web/20171025133705/https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/#3a108b646b84|url-status=live}}{{cite web|title=John Overdeck And David Siegel Bio, Returns, Net Worth|url=http://www.insidermonkey.com/hedge-fund/two+sigma+advisors/189/|website=Insider Monkey|access-date=9 May 2017|archive-date=27 April 2017|archive-url=https://web.archive.org/web/20170427080112/http://www.insidermonkey.com/hedge-fund/two+sigma+advisors/189/|url-status=live}} The company's main office is in New York City with branch offices in Houston, London, and Hong Kong.{{cite web|url=https://www.twosigma.com/contact|website=Two Sigma|title=Contact|access-date=9 May 2017|archive-date=16 July 2016|archive-url=https://web.archive.org/web/20160716115427/http://www.twosigma.com/contact|url-status=live}} In January 2015, the firm had $34.21 billion in assets under management and as of May 2017, the firm had $41 billion.{{cite news|title=Two Sigma Investments Llc|url=http://www.octafinance.com/hedge-funds/two-sigma-investments-llc/|access-date=9 May 2017|publisher=Octafinance}}

Two Sigma Investments also operates a market-making business, owns a Bermuda reinsurance company, and runs a venture capital arm.

In March 2017, Overdeck ranked 9th on Forbes' Highest-Earning Hedge Fund Managers.{{cite magazine|title=Highest-Earning Hedge Fund Managers 2017|url=https://www.forbes.com/pictures/58b7441c4bbe6f0e5587d2ae/9-john-overdeck/#50b177a51366|access-date=8 May 2017|magazine=Forbes|archive-date=5 November 2018|archive-url=https://web.archive.org/web/20181105161219/https://www.forbes.com/pictures/58b7441c4bbe6f0e5587d2ae/9-john-overdeck/#50b177a51366|url-status=live}}

As of March 2019, his net worth was $6.1 billion,{{cite web|url=https://patch.com/new-jersey/millburn/trio-millburn-short-hills-men-forbes-billionaires-list|title=Trio Of Millburn-Short Hills Men On Forbes Billionaires List|date=7 March 2019|website=Millburn-Short Hills, NJ Patch|access-date=30 March 2019|archive-date=30 March 2019|archive-url=https://web.archive.org/web/20190330185759/https://patch.com/new-jersey/millburn/trio-millburn-short-hills-men-forbes-billionaires-list|url-status=live}} making him one of the highest-earning hedge fund managers and traders by Forbes.

Overdeck is acting chair of the National Museum of Mathematics, director of the Robin Hood Foundation, on the board of trustees of the Institute for Advanced Study,{{Cite news|url=https://www.ias.edu/news/overdeck-appointed-board-trustees|title=John Overdeck Appointed to Institute for Advanced Study Board of Trustees|work=Institute for Advanced Study|access-date=2018-07-17|language=en|archive-date=2018-07-17|archive-url=https://web.archive.org/web/20180717100000/https://www.ias.edu/news/overdeck-appointed-board-trustees|url-status=live}} and a board member of the Hamilton Insurance Group.{{cite web|title=John Overdeck|url=http://hamiltongroup.com/insurance-group/employee/john-overdeck-2/?cache=kQZmv|website=Hamilton Group|access-date=8 May 2017|archive-date=16 July 2018|archive-url=https://web.archive.org/web/20180716165742/http://hamiltongroup.com/insurance-group/employee/john-overdeck-2/?cache=kQZmv|url-status=live}}

On October 12, 2002, Overdeck married Laura Bilodeau, then a principal consultant for Stanford Research Institute;{{cite news |title=WEDDINGS/CELEBRATIONS; Laura Bilodeau, John Overdeck |url=https://www.nytimes.com/2002/10/13/style/weddings-celebrations-laura-bilodeau-john-overdeck.html |access-date=5 November 2018 |work=New York Times |date=13 October 2002 |archive-date=5 November 2018 |archive-url=https://web.archive.org/web/20181105160636/https://www.nytimes.com/2002/10/13/style/weddings-celebrations-laura-bilodeau-john-overdeck.html |url-status=live }} she went on to found Bedtime Math.{{cite web |title=Bedtime Math |url=http://bedtimemath.org/about-us/ |website=Bedtime Math |publisher=Bedtime Math Foundation |access-date=29 October 2019 |archive-date=29 October 2019 |archive-url=https://web.archive.org/web/20191029202739/http://bedtimemath.org/about-us/ |url-status=live }} They have three children and live in Millburn, New Jersey.{{cite news|last1=Davis|first1=Tom|date=March 21, 2017|title=Meet New Jersey's 6 Billionaires In 2017|publisher=Millburn Patch|url=https://patch.com/new-jersey/millburn/new-jerseys-billionaires-club-stands-6-members-2017|url-status=live|access-date=8 May 2017|archive-url=https://web.archive.org/web/20170616175933/https://patch.com/new-jersey/millburn/new-jerseys-billionaires-club-stands-6-members-2017|archive-date=16 June 2017}} Laura Overdeck initiated divorce proceedings in early 2022 citing “irreconcilable differences”. According to The Wall Street Journal, they do not have a prenuptial agreement.{{Cite news |last1=Zuckerman |first1=Gregory |last2=Chung |first2=Juliet |date=2023-08-09 |title=WSJ News Exclusive {{!}} This Hedge Fund's Two Feuding Founders Are Under Pressure to Make Peace |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/this-hedge-funds-two-feuding-founders-are-under-pressure-to-make-peace-6e9dad93 |access-date=2023-11-16 |issn=0099-9660}} Laura Overdeck also sued over the family's lawyers moving various family assets into trusts in Wyoming, saying it appeared to be a way to hide assets from her and the children.{{cite news |last=Farrell |first= Maureen |date=November 6, 2023 |title=Warring Billionaires, a Rogue Employee, a Divorce: One Hedge Fund's Tale of Woe |url=https://www.nytimes.com/2023/11/06/business/two-sigma-troubles.html |work=The New York Times |location= |access-date=November 6, 2023}}

Overdeck competed in the 2019 National Museum of Mathematics's Masters Tournament, which raised almost $1 million, and placed third.

In 2011, Overdeck and his wife Laura established the Overdeck Family Foundation, an organization that funds educational research and STEM education.{{cite news|last1=Flowers|first1=Matt|date=October 13, 2016|title=South Jersey looks to improve STEM ed|publisher=Courier Post Online|url=http://www.courierpostonline.com/story/news/local/south-jersey/2016/10/13/south-jersey-looks-improve-stem-ed/91936758/|access-date=8 May 2017}} The foundation's overall goal is to enable all American children to unlock their potential by strengthening learning in and out of school.{{cite news |last1=Kim |first1=Leslie |title=Wilson School fund established for education research |url=http://www.dailyprincetonian.com/article/2018/10/overdeck-education-innovation-fund |access-date=16 October 2018 |newspaper=Daily Princetonian |date=October 9, 2018 |archive-date=16 October 2018 |archive-url=https://web.archive.org/web/20181016164859/http://www.dailyprincetonian.com/article/2018/10/overdeck-education-innovation-fund |url-status=live }}

The Overdecks' education philanthropy focuses on four key issue areas: "early impact", "exceptional educators", "innovative schools", and "inspired minds". They have made gifts to Robin Hood Foundation for work by MDRC to study the long-term effects of various early childhood programs. The Overdecks have also supported the Harlem Children's Zone within its early impact strategy and the Khan Academy. Other grantees have included the NJ STEM Teaching Fellowship, and Governor's School for the Sciences at Drew University in New Jersey.{{cite web |title=Kean University grads among 2015 Woodrow Wilson Fellowship Winners |url=https://www.nj.com/suburbannews/2015/08/kean_university_grads_among_20.html |website=nj |language=en |date=5 August 2015 |access-date=4 November 2019 |archive-date=4 November 2019 |archive-url=https://web.archive.org/web/20191104195511/https://www.nj.com/suburbannews/2015/08/kean_university_grads_among_20.html |url-status=live }} Laura Overdeck is an alumna of Governor's School and was instrumental in saving the program through private donations in 2006.{{Cite web|url=https://nj.gov/govschool/documents/130805%20Top%20high%20school%20students%20study%20science%20at%20annual%20Governor.pdf|title=Top high school students study science at annual Governor's School|access-date=2019-11-04|archive-date=2017-05-03|archive-url=https://web.archive.org/web/20170503105132/http://www.nj.gov/govschool/documents/130805%20Top%20high%20school%20students%20study%20science%20at%20annual%20Governor.pdf|url-status=live}}{{cite web |title=Hoping for a Strong Comeback, Governor's Schools Prep for 2013 |url=https://www.njspotlight.com/2012/12/12-12-02-hoping-for-a-strong-comeback-governor-s-schools-prep-for-2013/ |website=NJ Spotlight |date=3 December 2012 |access-date=4 November 2019 |archive-date=4 November 2019 |archive-url=https://web.archive.org/web/20191104195516/https://www.njspotlight.com/2012/12/12-12-02-hoping-for-a-strong-comeback-governor-s-schools-prep-for-2013/ |url-status=live }}

In October 2018, The Overdeck Education Innovation Fund gifted $1 million to be distributed over the next three years by the Woodrow Wilson School of Public and International Affairs for research on education issues. This is the second gift from the Overdeck Family Foundation, the first of which was $1 million donated in 2016. That same month, the Overdeck Family Foundation pledged $3 million to Opportunity Insights, a policy and research institute based at Harvard University that will publish data on the probability that children will escape poverty based on where they were raised.{{cite web|url=https://www.insidephilanthropy.com/home/2018/10/4/behind-a-new-institute-for-economic-mobility-powerful-data-and-billionaire-donors|title=Behind a New Institute for Economic Mobility: Powerful Data and Billionaire Donors|date=October 5, 2018 |publisher=|access-date=2018-11-12|archive-date=2018-11-12|archive-url=https://web.archive.org/web/20181112101411/https://www.insidephilanthropy.com/home/2018/10/4/behind-a-new-institute-for-economic-mobility-powerful-data-and-billionaire-donors|url-status=live}}{{cite web|url=https://thejournal.com/articles/2018/11/05/detailed-picture-of-inequality-of-opportunity-emerges.aspx|title=Detailed Picture of 'Inequality of Opportunity' Emerges -|first1=Dian|last1=Schaffhauser|date=2018-11-05|website=THE Journal|access-date=2018-11-12|archive-date=2018-11-12|archive-url=https://web.archive.org/web/20181112101330/https://thejournal.com/articles/2018/11/05/detailed-picture-of-inequality-of-opportunity-emerges.aspx|url-status=live}}{{cite web|url=https://www.philanthropy.com/article/Grants-Roundup-Duke/244751|title=Grants Roundup: Duke University's Environmental School Receives $20 Million Grant|date=10 October 2018|publisher=|access-date=12 November 2018|archive-date=12 November 2018|archive-url=https://web.archive.org/web/20181112060943/https://www.philanthropy.com/article/Grants-Roundup-Duke/244751|url-status=live}}

• 1986, Silver Medal for the U.S. in the International Mathematical Olympiad in Poland at age 16
• 2012, Distinguished Alumni of The Johns Hopkins Center for Talented Youth{{cite web|title= CTY announces inaugural distinguished alumni honorees|publisher= CYT News|url= https://cty.jhu.edu/news/ctynews/cty_announces_inaugural_distinguished_alumni_honorees|access-date= 2020-10-04|archive-date= 2020-10-08|archive-url= https://web.archive.org/web/20201008174905/https://cty.jhu.edu/news/ctynews/cty_announces_inaugural_distinguished_alumni_honorees|url-status= live}}
• 2017, Golden Plate Award of the American Academy of Achievement{{cite web|title=Golden Plate Awardees of the American Academy of Achievement|website=www.achievement.org|publisher=American Academy of Achievement|url=https://achievement.org/our-history/golden-plate-awards/#business|access-date=2020-10-04|archive-date=2016-12-15|archive-url=https://web.archive.org/web/20161215023909/https://achievement.org/our-history/golden-plate-awards/#business|url-status=live}}{{cite web|title=2017 Summit Highlights Photo: 2017 honoree John Overdeck, math genius and co-founder of Two Sigma Investments, addresses the delegates.|publisher=American Academy of Achievement|url=https://achievement.org/summit/2017/|access-date=2020-10-04|archive-date=2020-09-17|archive-url=https://web.archive.org/web/20200917235312/https://achievement.org/summit/2017/|url-status=live}}{{cite web|title=2019 Summit Highlights Photo: Summit Co-Host John Overdeck and the delegates at Four Seasons Hotel New York during the International Achievement Summit.|publisher=American Academy of Achievement|url=https://achievement.org/summit/2019/|access-date=2020-10-04|archive-date=2020-09-19|archive-url=https://web.archive.org/web/20200919192934/https://achievement.org/summit/2019/|url-status=live}}
• 2019, Manager Lifetime Achievement Award at Institutional Investor's 17th annual Hedge Fund Industry Awards{{cite web | title= John Overdeck and David Siegel to Receive Lifetime Achievement Award | date= May 6, 2019 | publisher= Institutional Investor | url= https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/John-Overdeck-and-David-Siegel-to-Receive-Lifetime-Achievement-Award | access-date= 2020-10-04 | archive-date= 2020-08-10 | archive-url= https://web.archive.org/web/20200810164629/https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/john-overdeck-and-david-siegel-to-receive-lifetime-achievement-award | url-status=live }}

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Category:Living people

Category:1969 births

Category:American billionaires

Category:American company founders

Category:American hedge fund managers

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Category:Businesspeople from Millburn, New Jersey

Category:Stanford University alumni

Category:American mathematicians

Category:D. E. Shaw & Co. people

Category:Stock and commodity market managers