D.E. Shaw, Indian Billionaire In Infrastructure J.V.

Aug 26 2010 | 12:58pm ET

New York hedge fund D.E. Shaw Group is poised to go into business with Indian energy giant Reliance Industries.

The two firms plan to launch a joint-venture infrastructure fund totaling US$700 million to US$800 million, the Times of India reports. The move could be the first in a series of business ventures for D.E. Shaw and Indian billionaire Mukesh Ambani’s Reliance: The two sides are already talking about a carbon-trading venture.

The D.E. Shaw-Reliance venture could also result in joint private equity funds, the Times reports.

Financial details of the deal remain unclear, although the Times said that D.E. Shaw representatives were in Mumbai last week to hammer out the details. Talks between the two sides began earlier this summer, after Mukesh Ambani and his estranged older Brother, Anil, ended their non-compete agreement, opening the financial services industry to Ambani and Reliance.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...


FINalternatives Trending

From the current issue of