Tuesday, 22 July 2014
Last updated 19 min ago
Nov 23 2010 | 2:21pm ET
The head of D.E. Shaw Group's portfolio acquisitions unit is leaving the hedge fund to start a firm of his own.
Daniel Posner, who ran D.E. Shaw's distressed securities group, plans to launch a distressed investment hedge fund, HFMWeek reports.
Posner has been at D.E. Shaw for almost nine years, having joined the firm from hedge fund Intermarket Corp. He formerly worked at UBS Warburg Dillon Read, in the distressed debt and special situations group.
Posner's exit comes after D.E. Shaw laid off about 10% of its staff in September following investor redemptions.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…