The divorce battle between billionaire hedge fund manager John Overdeck and his wife, Laura Overdeck, has begun in a Newark courtroom, with Laura seeking a multibillion-dollar share of his fortune.
Laura is asking for 35% of her husband’s stake in Two Sigma Investments, which her lawyer values at about $6.2 billion, along with hundreds of millions of dollars in bonds and equal control of the family foundation.
Her legal team claims John offered her about $633 million, describing it as an attempt to give her as little as possible. However, John’s lawyer disputed this, saying he offered a $723 million tax-free equitable settlement.
The major issue in the case is whether John’s stake in Two Sigma should be considered a marital asset. John’s lawyers argue that the hedge fund was founded two years before the couple married in 2002 and had already become an established business.
Laura’s lawyers, however, contend that Two Sigma had little tangible value when they married and that the company’s growth during their marriage makes her entitled to a share.
The couple reportedly married without a prenuptial agreement. Their divorce proceedings began in 2022, and the current trial has been described as the biggest contested divorce case in New Jersey history.
John Overdeck, whose Forbes-estimated fortune is about $8 billion, co-founded Two Sigma with David Siegel. The two each own roughly half of the firm and have been involved in a high-profile power struggle.
Laura, who also has experience in hedge funds, founded the Bedtime Math nonprofit in 2012. She is also suing her husband’s former estate law firm, Seward & Kissel, accusing them of helping him shield assets.
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