Financial Services Industry
Industry: Email Alert RSS FeedTudor vets, Amazon.com VP team up.(formation of Two Sigma Investments, table of index returns)(Brief Article)(Statistical Data Included)
Futures (Cedar Falls, Iowa), August, 2001
Former Tudor partners Mark Pickard and David Siegel along with John Overdeck, a vice president at Amazon.com, are forming Two Sigma Investments, a hedge fund that will have Tudor Group LLC as a major investor.
The new venture will trade investor capital using computer-driven market-neutral quantitative trading strategies. Pickard will serve as president with Siegel and Overdeck serving as co-chairmen. Pickard notes that Tudor has provided all of the seed capital for the venture and has pledged to be a large investor.
Though Two Sigma plans to launch the hedge fund by early 2002, Pickard says the commitment by Tudor will allow Two Sigma time to model new strategies.
"We are not going to start trading until we get the models right," Pickard...
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