Billionaire seeks to keep hedge fund secrets private in divorce

Summarised from 2 outlets · Updated 7 Oct, 01:36 · Archive

A billionaire hedge fund founder has won a bid to keep details of his $80 billion fund confidential during divorce proceedings.

John Overdeck, 56, has won a bid to keep the public out of a Newark courtroom during testimony about his hedge fund Two Sigma, which manages $80 billion in assets. The judge agreed to protect confidential details about the fund during the proceedings.

Overdeck's estranged wife Laura, 56, is contesting the division of assets. According to the Daily Mail, she has rejected a settlement offer of $633 million and is seeking a larger portion of his wealth built through the investment firm.

How it is being reported

• Billionaire's wife back in court battling hedge fund ex after warning him that $633m settlement he offered her was not enoughLaura Overdeck, 56, and her estranged husband, John Overdeck, 56, were back before a New Jersey as she seeks an even bigger slice of the fortune he built through his investment firm.Daily Mail · 7 Oct, 01:19
• Billionaire in NJ’s biggest divorce case wins bid to protect hedge-fund secrets from going publicJohn Overdeck, 56, asked a judge to kick the public out of a Newark courtroom during testimony about the breakdown of the assets of his $80 billion Manhattan-based hedge fund, Two Sigma.New York Post · 6 Oct, 20:49

In this story: John Overdeck · Laura Overdeck · Two Sigma · Newark · Manhattan

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