Wife of hedge fund mogul demands $6.2B in divorce but he offers one tenth of that as court battle rages: report

He didn’t hedge his marital bet.The wife of a billionaire hedge fund mogul has gone to court seeking a $6.2 billion slice of his massive fortune — but he allegedly offered her just $633 million in what is the largest divorce battle in New Jersey history, a report said.The bombshell breakup between John Overdeck and his wife Laura Overdeck — who married without a prenup during the infancy of his Two Sigma Investments firm — kicked off Wednesday in a Newark courtroom.Laura Overdeck is seeking a 35% piece of her hubby’s stake in the $80 billion firm, which her lawyer said was worth $6.2 billion, along hundreds of millions in bonds and equal control of the family foundation, Bloomberg first reported.However the wife’s camp says that he made her the low ball offer of $633 million, which they call “as little as possible.”“John Overdeck is trying to put the genie back in the bottle,” Laura Overdeck’s attorney Theresa Lyons said in court, according to sources.The heart of the trial — which Lyons noted in court was the Garden State’s biggest contested divorce — comes down to whether Laura Overdeck can claim her husband’s stake in Two Sigma as a marital asset.As the company and fortunes grew, John Overdeck conspired with the couple’s lawyers to hide assets from his wife as he plotted for divorce over 20 years, Lyons argued, according to the sources.“John Overdeck is not a man who woke up one morning and decided to divorce his wife,” she said, Bloomberg reported.John Overdeck’s lawyer Jonathan Wolfe argued that the money was made before the marriage, according to the report.He contradicted Lyons claims of a $633 million payoff offer and said that John Overdeck actually proposed a $723 million tax-free equitable distribution to his wife.He said it was “more than enough to meet the needs of the parties’ marital lifestyle,” the report states.

Morning Report delivers the latest news, videos, photos and more....