D.E. Shaw Seeking Staff In Tokyo

Dec 10 2010 | 9:38am ET

Having already attracted "several hundreds of millions of dollars" in Tokyo, D.E. Shaw Group is looking for talent to help manage it.

The New York-based hedge fund has opened an office in Japan and currently has two employees stationed there. But that figure will grow as the office's offerings grow, the firm's Tokyo chief, Scott Roney, said.

"Our decision was primarily driven by our long-term objectives and our belief that a physical presence is crucial to building relationships with both current and prospective investors," Roney told HedgeWeek. He described the build-up as a "multi-year process."

D.E. Shaw last month moved executive committee member Julius Gaudio to Hong Kong to lead its growth efforts in the Asia-Pacific region.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat