In this article, we will review the top 10 stocks to buy now according to secretive billionaire quant hedge fund manager. Click to skip ahead and see the Top 5 Stocks To Buy Now.
Secretive billionaire quant hedge fund manager John Overdeck and David Siegel back in 2001 founded quantitative trading powerhouse Two Sigma Advisors that currently oversees $35 billion in assets under management. The quant king John Overdeck is the main brain behind the quantitative stock trading strategies because of his mathematical background. He won a silver medal in the International Mathematical Olympiad when he was only 16 years old.
John Overdeck earned a B.S. in Mathematics and an M.S. degree in Statistics from Stanford University. He was ranked the highest earning hedge fund manager in 2019. After achieving a B.S. in Mathematics and an M.S. in Statistics from Stanford University, the secretive billionaire quant hedge fund manager worked as Managing Director at D.E. Shaw & Co, and as Vice President and technical assistant at Amazon.com, Inc. (NASDAQ: AMZN).
John Overdeck of Two Sigma Advisors
He is a member of Forbes’ list of 400 wealthiest Americans in 2020, with a net worth of more than $6.5 billion.
The other co-founder David Siegel has also been playing a key role in enhancing returns of the computer-powered hedge fund since 2001. David Siegel earned a Ph.D. in Computer Science degree from the Massachusetts Institute of Technology and worked as a Chief Information Officer at D.E. Shaw & Co, and Tudor Investment Corp.
The algorithmic trading techniques worked strongly for John Overdeck and David Siegel in the past years as their fund turned into one of the biggest hedge funds in the US. Surprisingly, the quant hedge fund has been lagging behind this year as the market crash triggered by the coronavirus pandemic has jolted their computer powered algorithms.
The risk-premia strategy of Two Sigma saw a loss of 11.5% this year. The firm’s absolute-return fund fell 2.7%, while its absolute-return macro fund dropped 23%.