Key Takeaways
- • Two Sigma co-CEO Scott Hoffman resigned from Two Sigma Investments after less than two years in the role, according to a March 31, 2026 regulatory filing, cited by Bloomberg.
- • Hoffman attributed his departure to "ongoing governance challenges" following the return of founder John Overdeck to the firm's management committee.
- • The $70 billion hedge fund has been led since September 30, 2024 by co-CEOs Carter Lyons and Scott Hoffman, with founders John Overdeck and David Siegel serving as co-chairmen.
- • Seth Platt has been tapped to replace Hoffman, per reports summarizing the filing.
- • The departure is the latest in a series of disputes among Two Sigma's founders that have divided the firm.
Summary
Scott Hoffman has resigned as co-chief executive officer of Two Sigma Investments, ending a tenure of less than two years, according to Bloomberg. The departure, disclosed in a regulatory filing dated March 31, 2026, is the latest fallout from years of infighting at the hedge fund, which manages roughly $70 billion.
In the filing, Hoffman cited "ongoing governance challenges" that arose after founder John Overdeck returned to Two Sigma's management committee. Hoffman, a former Lazard executive, also sat on the management committee. Reports based on the filing indicate that Seth Platt was tapped to replace him.
Since September 30, 2024, Two Sigma has been led by co-CEOs Carter Lyons and Scott Hoffman, while founders John Overdeck and David Siegel have remained co-chairmen. Hoffman's exit leaves Lyons in the co-CEO role alongside the new appointee, though the precise reporting lines under the revised structure were not detailed in the available coverage.
Coverage across outlets describes the dispute between Two Sigma's founders as an ongoing feud that continues to weigh on the firm's leadership. The updated Bloomberg report, published April 2, 2026, reflects the continuing developments.
In the filing, Hoffman cited "ongoing governance challenges" that arose after founder John Overdeck returned to Two Sigma's management committee. Hoffman, a former Lazard executive, also sat on the management committee. Reports based on the filing indicate that Seth Platt was tapped to replace him.
Since September 30, 2024, Two Sigma has been led by co-CEOs Carter Lyons and Scott Hoffman, while founders John Overdeck and David Siegel have remained co-chairmen. Hoffman's exit leaves Lyons in the co-CEO role alongside the new appointee, though the precise reporting lines under the revised structure were not detailed in the available coverage.
Coverage across outlets describes the dispute between Two Sigma's founders as an ongoing feud that continues to weigh on the firm's leadership. The updated Bloomberg report, published April 2, 2026, reflects the continuing developments.
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