This is a AUM news story, published by MSN, that relates primarily to John Overdeck news.
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institutional investorsThe Motley Fool
•83% Informative
The June-ended quarter was a particularly busy one for billionaires John Overdeck and David Siegel , who oversee $43.9 billion in AUM at Two Sigma Investments .
During the second quarter , more than a half-dozen billionaire money managers reduced their fund's respective stakes in Nvidia .
Nvidia has gained more than $3 trillion in market value since the start of 2023 .
Occidental Petroleum slashed Two Sigma 's stake by almost 45% in the second quarter .
The spot price of oil is particularly important for Occidental , particularly for the company.
Occidental has roughly halved its net debt in the five years since acquiring Anadarko .
The company is still contending with $18.4 billion in net debt.
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