The firm disclosed the arbitration in a letter to investors on Wednesday, clarifying that it isn't party to the dispute. This move reassures stakeholders that operations remain unaffected.
Investors in managers with aging founders push their funds to come up with succession plans. In Two Sigma's case, the resolution of this feud alleviates concerns regarding the future.
Despite the drama, Two Sigma's flagship fund returned an impressive 10.9% in 2024, affirming the firm's capability to perform well irrespective of internal conflicts.
The management committee of Two Sigma ‘has been unable to reach agreement’ as the visions of Siegel and Overdeck diverged significantly over time.
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