D.E. Shaw's Posner To Launch Distressed Hedge Fund

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...