D.E. Shaw Raises $155M For New Hedge Funds

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of