Monday, 20 October 2014
Last updated 2 days ago
Apr 21 2014 | 12:36pm ET
D.E. Shaw, which closed its main hedge funds to new investors last year, has raised $155 million for a pair of new ones.
The onshore D.E. Shaw Special Opportunities Fund has sold $39.5 million and the Caymans-based D.E. Shaw Special Opportunities International Fund has sold $115 million, according to regulatory filings.
Minimum investment for the funds, which launched in early April, is $1 million.
The New York-based D.E. Shaw Group, which managed $22.7 billion as of January 2014 according to filings, closed its Heliant, Oculus and multi-strategy Composite funds to new investors in 2013 in an effort to protect its returns.
Several smaller and bespoke strategies, including those investing in reinsurance and mortgage bonds, remained open to investment.
A request to D.E. Shaw for further information on the new funds had not been answered as of press time.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...