D.E. Shaw Flagship Up 18%

Jan 6 2012 | 10:11am ET

Last year was not a good one for the average hedge fund, but it was a great one for D.E. Shaw Group.

The New York-based hedge fund's flagship soared 18% in 2011, Dow Jones Newswires reports. Industry indices show that the average hedge fund lost about 4% last year.

Oculus focuses on quantitative trading. The fund returned 8.7% last year.

D.E. Shaw manages about $23 billion in assets.


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