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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...