Two Sigma Co-Founders Step Down Amid Leadership Transition

John Overdeck and David Siegel will be replaced by Carter Lyons and Scott Hoffman as co-CEOs, effective September 30, 2024.

Overdeck and Siegel will remain as co-chairmen, focusing on quant investing and technology.
The leadership change follows a prolonged dispute between the co-founders over the firm's direction.
Two Sigma manages $60 billion in assets and employs around 2,000 people globally.
Investors are optimistic about the new leadership, citing Lyons' and Hoffman's experience.
The firm continues to leverage advanced technologies and AI in its investment strategies.