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Which hedge fund will have the highest returns in Q4 2024?
2
Resolution / Starting Odds
Two Sigma • 25%
Bridgewater • 25%
Renaissance Technologies • 25%
Citadel • 25%
Financial reports of Two Sigma, Bridgewater, Renaissance Technologies, and Citadel
Story
Two Sigma's $60B Hedge Fund Founders Step Down Amid Feud
Aug 28, 2024, 02:25 PM
The billionaire founders of Two Sigma Investments, John Overdeck and David Siegel, are stepping down from their roles in day-to-day management after years of internal conflict. The hedge fund, which manages $60 billion, has been affected by the founders' inability to make key decisions due to their disagreements. The leadership transition will see two new co-chief executive officers taking over the reins. This decision comes after the founders disclosed their ongoing disputes in a securities filing last year, highlighting the significant impact of their feud on the fund's operations. The founders, known as quant-trading pioneers, have resolved their long-running feud with this move.
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