Two Sigma Co-CEO Scott Hoffman Quits as Infighting Drags On (1)

Scott Hoffman resigned from Two Sigma Investments after less than two years as its co-chief executive officer, the latest fallout from years of infighting at the $70 billion hedge fund.

Hoffman cited “ongoing governance challenges” since one of the founders, John Overdeck, returned to Two Sigma’s management committee, according to a March 31 filing.

Scott Hoffman

Source: Two Sigma

Overdeck and co-founder David Siegel have been embroiled in a years-long feud over the direction of the company, which the firm disclosed as a material risk in 2023. The billionaires tried to put their dispute aside in August 2024, with both agreeing ...